Verizon’s $20 billion deal to acquire the fiber internet provider Frontier is officially happening. On Friday, the Federal Communications Commission signed off on the merger, which will allow Verizon to “upgrade and expand” Frontier’s existing fiber networks.
Verizon expects to bring fiber to 1 million homes each year following the acquisition. The deal went through after Verizon “committed to ending DEI-related practices,” according to the FCC.
Through the merger, Verizon will…
