U.S. approves Verizon deal to acquire Frontier after DEI changes

[BumRushDaShow]

Source: CNBC/Reuters

Published Fri, May 16 20251:14 PM EDT


The Federal Communications Commission said Friday it was approving Verizon Communications’ $20 billion deal to acquire fiber-optic internet providers Frontier Communications after the largest U.S. telecom company agreed to end its diversity, equity and inclusion programs. Verizon agreed to buy Frontier in September for about $9.6 billion and absorb $10 billion in Frontier debt.

Federal Communications Commission chair Brendan Carr said “by approving this deal, the FCC ensures that Americans will benefit from a series of good and common-sense wins. The transaction will unleash billions of dollars in new infrastructure builds in communities across the country.” In February, Carr said he was opening a probe of Verizon for its promotion of DEI programs and said it could be a factor in the Frontier deal.

Verizon said in a letter to Carr seen by Reuters the company was removing its “Diversity and Inclusion” website and removing references to DEI from employee training and making other changes to hiring, career development, supplier diversity and corporate sponsorship practices. Verizon said all of the same provisions will apply to Frontier.

The FCC said Verizon will be able to upgrade and expand Frontier’s existing network in 25 states, bringing more fiber to more communities. With the deal, Verizon expects to deploy fiber to 1 million or more American homes annually.

Read more: https://www.cnbc.com/2025/05/16/us-approves-verizon-deal-to-acquire-frontier-after-dei-changes.html

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"Price of eggs", "Kitchen table issues", "Working class".

More caving. Should boycott.