Overview
- Verizon and Frontier said they have all required approvals and expect to close the acquisition on January 20, 2026.
- California’s Public Utilities Commission cleared the deal with conditions including 75,000 new fiber locations, 25 new wireless towers, and at least 10 years of free broadband for many low-income households in the state.
- The California settlement also includes increased commitments to tribal communities and a $10 million partnership with the California State University system.
- Frontier’s common stock is expected to trade for the last time on Nasdaq on January 16, with delisting to follow the closing.
- Verizon projects an expanded reach of nearly 30 million fiber passings across 31 states and Washington, D.C., with more details expected on its January 30 earnings call.