Verizon’s $20 billion Frontier acquisition wins FCC approval

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Verizon’s $20 billion deal to acquire the fiber internet provider Frontier is officially happening. On Friday, the Federal Communications Commission signed off on the merger, which will allow Verizon to “upgrade and expand” Frontier’s existing fiber networks. Verizon expects to bring fiber to 1 million homes each year following the acquisition. The deal went through after Verizon “committed to ending DEI-related practices,” according to the FCC. Earlier this year, FCC Chair Brendan Carr criticized Verizon’s “lack of progress” on getting rid of policies related to DEI — or Diversity, Equity, and Inclusion — and suggested that the agency won’t approve deals if companies keep these policies in place. T-Mobile similarly closed its acquisition of the fiber provider Lumos after tweaking mentions of DEI on its website. Through the merger, Veri ... Read full article.