Verizon's acquisition of Frontier for $20 billion has received approval from the FCC, allowing Verizon to enhance and extend Frontier's fiber networks. The deal is set to enable Verizon to reach one million homes annually and focuses on bringing service to rural communities. However, the deal came with the condition that Verizon commits to eliminating Diversity, Equity, and Inclusion (DEI) practices, which the FCC criticized as an impediment. Following a similar path to T-Mobile's recent acquisition, this merger highlights a shift in corporate responsibility relating to social policies in the telecom industry.
Verizon's $20 billion acquisition of Frontier will enable the company to expand its fiber networks and reach more communities, particularly in rural areas.
The FCC approved the merger after Verizon committed to eliminating Diversity, Equity, and Inclusion practices that were deemed problematic, emphasizing corporate responsibility to diversify.
Verizon plans to bring fiber internet to a million homes annually, following the acquisition of Frontier, which signals further investment in broadband infrastructure.
The merger also allows Verizon to regain access to its fiber business, which was partially divested in 2015, enhancing its competitive edge in the market.
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