Overview
- Verizon and Frontier said they have all regulatory approvals and plan to complete the acquisition on January 20, with Frontier’s stock expected to have its last Nasdaq trading day on January 16 before delisting after closing.
- California’s approval requires targeted fiber expansion, additional wireless buildouts, service‑quality upgrades, and decade‑long affordability commitments for low‑income households.
- The CPUC secured $40 million for the California Emerging Technology Fund, $10 million for university workforce initiatives, $150 million in performance bonds, and an independent compliance monitor.
- Verizon projects an expanded footprint of nearly 30 million fiber passings across 31 states and Washington, D.C., with new offers for customers to launch after closing and further details due on January 30.
- Federal approval arrived in May after Verizon ended DEI programs, while California added labor protections, union hiring commitments, and tribal engagement requirements.