From Yahoo Finance: 2025-05-20 11:16:00

The Federal Communications Commission approved Verizon Communications Inc.’s $20 billion acquisition of Frontier Communications, leading to new infrastructure investments nationwide. Verizon immediately terminated all DEI programs, citing potential discrimination associations, with FCC chairman lauding the move as promoting equal opportunity. The deal, set to close in early 2026, will see Verizon acquire Frontier for $9.6 billion and take on $10 billion in debt. Despite the potential of Verizon stock, some AI stocks are seen as holding greater promise for higher returns. For more insights, check out the report on the cheapest AI stock with significant upside potential.



Read more at Yahoo Finance: FCC Greenlights Verizon’s $20 Billion Acquisition of Frontier Communications