Verizon’s Frontier Communications acquisition granted all regulatory approvals

Verizon (VZ) and Frontier Communications (FYBR) have received all regulatory approvals and expect to close the acquisition on January 20. The pending transaction will bring Frontier’s fiber internet together with Verizon’s 5G mobile network. Upon closing, Verizon will have an expanded reach of almost 30 million fiber passings across 31 states and Washington, D.C. This acquisition is expected to accelerate the company’s national fiber strategy at scale. Following the closing of the transaction, the common stock of Frontier will be delisted from Nasdaq and deregistered. The last day of trading for the common stock of Frontier is expected to be January 16.