The FCC has announced its approval of the merger between communications giants Verizon and Frontier, after a deal was made last year. Verizon will acquire Frontier Communications for $9.6 billion in cash,

After FCC chairman Brendan Carr said Verizon agreed to end its DEI policies, the agency approved the telco's $20 billion deal to acquire Frontier.

Verizon’s $ 20 billion deal to acquire the fiber internet provider Frontier is officially happening. On Friday, the Federal Communications Commission signed off on the merger, which will allow Verizon to “upgrade and expand” Frontier’s existing fiber networks.