The Federal Communications Commission (FCC) approved the merger deal between Verizon Communications (VZ.US) and Frontier Communications Parent (FYBR.US) on Friday, with a transaction value of $20 billion.
In a statement, the FCC indicated that after review, it believes the deal will serve the public interest, convenience, and necessity. FCC Chairman Brendan Carr stated that by approving the transaction, the FCC ensures that the American people can benefit from a series of common-sense victories. This deal will unleash billions of dollars in new infrastructure development in communities across the country, including rural America. The investment will accelerate the transition from the old copper wire network to modern high-frequency networks

The Federal Communications Commission (FCC) approved Verizon's merger deal to acquire Frontier Communications for $20 billion, deeming the transaction to be in the public interest. FCC Chairman Boucher stated that this deal will benefit the American people and will unleash billions of dollars in new infrastructure development nationwide, facilitating the transition from the old copper wire network to modern high-frequency networks

The United States approved Verizon's acquisition of Frontier for $20 billion