The FCC has signed off on the $20 billion Verizon and Frontier Communications merger. This federal agency approval will allow Verizon to significantly expand its fiber reach and subscriber base, which is presently limited primarily to the Mid-Atlantic and Northeast.

The Federal Communications Commission said Friday it was approving Verizon Communications's $20 billion deal to acquire fiber-optic internet providers Frontier Communications after the largest U.S. telecom company agreed to end its diversity,

Verizon Communications Inc. won Federal Communications Commission approval for its $9.6-billion acquisition of Frontier Communications Parent Inc. after agreeing to agency demands to pare back diversity initiatives in line with President Donald Trump’s policies.