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California approves Verizon acquisition of Frontier, clearing way for closing

The California Public Utilities Commission approved Verizon’s $20 billion acquisition of Frontier with conditions requiring fiber expansion to 75,000 locations and affordable $20 broadband for low-income households.

  • On January 15, 2026, the California Public Utilities Commission unanimously approved Verizon Communications Inc.'s $20 billion acquisition of Frontier Communications Parent, Inc., clearing the final regulatory hurdle.
  • Verizon Communications Inc. won earlier FCC approval after ending employment-based DEI programs last year, while Brendan Carr, FCC official, probed its DEI activity and California required DEI-aligned commitments.
  • The settlement requires Verizon to invest in 75,000 new California fiber locations, provide free or low-cost broadband to many low-income households for at least 10 years, post a $150 million bond, and onboard hundreds of union-backed workers in California.
  • As the deal closes, customers can expect new offers while Frontier common stock will be delisted after its last trading day on January 16, 2026.
  • Longer term, the acquisition is expected to accelerate Verizon's national fiber strategy and expand its reach to almost 30 million fiber passings across 31 states and Washington, D.C., unlocking cross-sell opportunities with Frontier customer base.
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California approves Verizon acquisition of Frontier, clearing way for closing

·United Kingdom
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Reuters broke the news in United Kingdom on Thursday, January 15, 2026.
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