On May 16, the Federal Communications Commission’s Wireline Competition Bureau approved Verizon Communications Inc.’s (NYSE:VZ) $20 billion acquisition of Frontier Communications (NASDAQ:FYBR), which granted the necessary license and authorization transfers.

The Federal Communications Commission (FCC) has approved Verizon’s proposed $20 billion acquisition of Frontier Communications. The deal has been approved by the regulator after Verizon agreed to end its diversity, equity, and inclusion programs (DEI).

Verizon Communications Inc. ( VZ) has received approval from the Federal Communications Commission (FCC) for its $20 billion acquisition of Frontier Communications (FYBR). The approval follows Verizon’s commitment to boost its broadband infrastructure spending and revise its diversity,