California set to approve Verizon acquisition of Frontier

Reuters
01/16
California set to approve Verizon acquisition of Frontier

Jan 15 (Reuters) - The California Public Utilities Commission is set on Thursday to approve Verizon Communications's (VZ.N)$20 billion deal to acquire fiber-optic internet providers Frontier Communications (FYBR.O) after a series of conditions agreed to by the U.S. telecom company, board members said.

Verizon won approval from the Federal Communications Commission in May after the company agreed to end its diversity, equity and inclusion programs, which raised concerns from California. Verizon agreed to buy Frontier in September 2024 for about $9.6 billion and absorb $10 billion in Frontier debt. Verizon expects to upgrade and expand Frontier’s existing network in 25 states and deploy fiber to 1 million or more American homes annually.

(Reporting by David Shepardson in Washington)

((Email David.Shepardson@thomsonreuters.com 202-579-6093))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10