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FCC Approves Frontier Communications’ Acquisition of Verizon Local Wireline Operations
Frontier Communication
announces that its pending acquisition of local Verizon Communications operations in 14 states has received approval from the Federal Communications Commission. The transaction has now received all necessary regulatory approvals, including regulatory approval in nine states and approval to transfer control of local cable TV franchises to Frontier for the
FiOS
markets in Oregon and Washington. Frontier and Verizon are completing the other conditions to closing and expect the transaction to close on July 1, 2010.
Posted on May 21, 2010
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