- Published at
- by finance.yahoo.com
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FCC Greenlights Verizon’s $20 Billion Acquisition of Frontier Communications
On May 16, the Federal Communications Commission’s Wireline Competition Bureau approved Verizon Communications Inc.’s (NYSE:VZ) $20 billion acquisition of Frontier Communications (NASDAQ:FYBR), which granted the necessary license and authorization transfers. FCC Chairman Brendan Carr stated that this approval would lead to billions of dollars in new infrastructure investments nationwide. The $20 billion deal is an […]