Verizon Secures FCC Approval for $9.6 Billion Frontier Acquisition (variety.com)
- Reference: 0177563197
- News link: https://mobile.slashdot.org/story/25/05/16/194255/verizon-secures-fcc-approval-for-96-billion-frontier-acquisition
- Source link: https://variety.com/2025/biz/news/fcc-approves-verizon-frontier-merger-eliminate-dei-carr-1236400724/
FCC Chairman Brendan Carr, who previously threatened to block mergers over DEI practices, praised the deal for its potential to "unleash billions in new infrastructure builds" and "accelerate the transition away from old, copper line networks to modern, high-speed ones." The acquisition positions America's largest phone carrier to expand its high-speed internet footprint across Frontier's 25-state network. Verizon plans to deploy fiber to more than one million U.S. homes annually following the transaction.
[1] https://variety.com/2025/biz/news/fcc-approves-verizon-frontier-merger-eliminate-dei-carr-1236400724/
[2] https://tech.slashdot.org/story/24/09/05/1924223/verizon-to-buy-frontier-for-96-billion-says-it-will-expand-fiber-network
Wait what? (Score:4, Funny)
Didn't Verizon sell its FIOS division to Frontier just a few years ago? Now Verizon is buying it back?? What the hell?
Re: (Score:2)
That's exactly what happened.
Re: (Score:2)
> Didn't Verizon sell its FIOS division to Frontier just a few years ago? Now Verizon is buying it back?? What the hell?
Verizon sold a number fiber and copper assets to Frontier, and transferred some employees. Now that Frontier (through bankruptcy) has eliminated some of the worst of the debt and legacies (and some employees), Verizon gets to purchase the remaining good Frontier assets (on the cheap).
flip flop (Score:2)
Well Frontier has been dogshit. Back to Verizon can't be worse.
Racist Fucks (Score:1)
"We won't hire Black people or women! Please let us merge Grand Wizard Trump!"
Prices for everything are going up (Score:3)
You can expect absolutely no pushback on any merger from the federal government for the next four years. The state governments will fight but it was a miracle they prevented the Albertsons merger. They don't have a chance against a telecom merger.
The internet of course will be flooded with people complaining about how this is not what they voted for. Bullshit. This is exactly what you voted for.
wtf? (Score:2)
So much WTF here.
1. How can the FCC legally block this just because they don't like the company's hiring practice or internal training?
2. Verizon sold a ton of stuff to Frontier. Now it is buying them. That's more funny than WTF; as it isn't totally uncommon. Sell a business for millions, buy it back for pennies.
Re: (Score:2)
> because they don't like
Because it's illegal. Criminal under CRA.
Why would they approve a merger including a lawless corporation?
AT&T (Score:2)
Can we just get a Verizon / Cox / Comcast merger and call it AT&T again? /s but it's close.
Verizon unloaded union employees to Frontier (Score:2)
If you look now, Frontier assets are valuable to Verizon cause they have about 50% less union. There is a lot more to this sale than that, but the union was a huge problem for Verizon when they sold years back.
Verizon is like the T1000.... (Score:3)
Go blown to bits and is slowly going back together.
There's an old clip from The daily show (Score:1)
Where I think John Oliver goes through how after we broke up AT&t they literally just bought themselves back into borderline Monopoly status.
One of the things that really pisses me off about the world is how we have a problem so we do something about it and the problem goes away because we did something about it and then everyone just acts like it's not ever going to be a problem again because it's not a problem right freaking now.
And I just want to scream at the absolute top of my lungs: IT'S N