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))

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

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