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US: Frontier gets antitrust clearance for Verizon wireline buy for $10 billion

By  |  May 11, 2015

Frontier Communications announces it’s gotten antitrust clearance for its acquisition of Verizon’s wireline operations in California, Florida and Texas on Monday.

Frontier and Verizon struck the $10B deal, which Frontier’s biggest ever, in early February after Verizon sought funds to pay the FCC billions for its AWS-3 wireless spectrum bids.

The clearance means the next key hurdle is approval from the FCC and involved state governments; the company still expects the transaction to close in the first half of 2016.

“We are pleased about the news from the Federal Trade Commission and look forward to providing service in more areas in California and Florida and to serving new markets in Texas,” said Dan McCarthy, president and chief executive officer of Frontier Communications.

 

Full content: Yahoo! News

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