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FCC Approves Verizon-Frontier Merger After Verizon Backs Down on DEI
After President Donald Trump issued an executive order in January eliminating DEI programs at federal agencies, FCC chair Brendan Carr ended those programs at the FCC and has said he will make eliminating DEI programs part of the approval process for mergers. Carr has also launched investigations into DEI practices at Disney and Comcast.
Verizon Purchase Of Frontier Communications For $20 Billion Is Approved
The FCC’s Wireline Competition Bureau approved Verizon’s $20 billion acquisition of Frontier. Locally, Frontier is the traditional copper landline and DSL provider in Walnut Hill, Molino, Bratt, and Atmore. Last September, Verizon agreed to buy Frontier for about $9.6 billion and absorb $10 billion in Frontier debt.
At the MoffettNathanson conference, Verizon Consumer Group CEO outlines a dual-engine plan to scale fiber and fixed wireless.
Fiber broadband revenue growth accelerated ... on September 4, 2024, Verizon Communications Inc. ("Verizon") and Frontier entered into a definitive agreement (the "merger agreement") for ...
The company announced a deal for fiber operator Frontier Communications ... funding fiber expansion 5x faster than ...
The acquisition of Frontier, if completed, will expand Verizon's fiber footprint to about 50% ... would come with additional costs, muting their impact on the bottom line. We expect consumer ...
The acquisition of Frontier Communications enhances Verizon's growth in ... aggressive growth targets in Fiber Broadband and a high debt load, which could impact future investments and debt ...
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