|
|
Article: California, Nevada and South Carolina Approve Frontier Acquisition of Verizon Local Wireline Operations.
- Article from:
- Network Weekly News
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
State regulators in California, Nevada and South Carolina this week approved the acquisition of the local wireline operations of Verizon Communications Inc. (NYSE:VZ) serving residential and small-business customers in all or parts of those states by Frontier Communications Corporation (NYSE:FTR).
These state regulatory approvals follow an Oct. 27 announcement by Frontier that its shareowners have approved the transaction, which will result in Frontier owning Verizon's wireline operations in all or parts of 14 states.
At the federal level, the Federal Trade Commission and the U.S. Department of Justice granted the parties' request for early termination ...