FCC Approves Verizon's $20B Frontier Acquisition After DEI Policy Drop

The FCC, led by Chairman Brendan Carr, approved Verizon's $20 billion acquisition of Frontier Communications after Verizon pledged to end its diversity, equity, and inclusion (DEI) policies. Carr hailed the move as a positive step for equal opportunity and the public interest. This approval comes as Paramount Global and Skydance Media's $8 billion merger remains pending, potentially due to DEI concerns. Carr previously indicated he would block mergers involving companies promoting DEI programs. The acquisition allows Verizon to upgrade Frontier's network in 25 states, potentially bringing fiber to over 1 million homes annually.