Current Date 24 May, 2025

Verizon's $9.6B Frontier deal approved by FCC after DEI cuts

Verizon secured FCC approval for its $9.6 billion Frontier acquisition after complying with demands to reduce diversity initiatives. The deal, valued at $20 billion including debt, will boost infrastructure investment and high-speed internet expansion across 25 states. This follows FCC Chairman Carr's warnings against what he termed 'invidious' DEI practices, aligning with Trump administration policies. Verizon ended its DEI team and related goals to secure approval.