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FCC Green-Lights Verizon's Acquisition Deal Following DEI Shutdown

FCC Green-Lights Verizon's Acquisition Deal Following DEI Shutdown

Epoch Times17-05-2025

The Federal Communications Commission's (FCC) Wireline Competition Bureau approved Verizon's $20 billion acquisition of Frontier on Friday, the FCC said in a May 16
'Verizon has also committed to ending DEI-related practices as specified in the FCC's record and has reaffirmed the merged entity's commitment to equal opportunity and nondiscrimination,' the agency said.
'This will ensure that the combined business will enact policies and practices consistent with the law and the public interest.'
The FCC approval comes a day after Verizon
'Verizon recognizes that some DEI policies and practices could be associated with discrimination,' Vandana Venkatesh, the company's chief legal officer, said in the May 15 letter. The changes were being made 'not just in name or in the way they are described, but in substance.'
The company shall no longer take into account identity-based goals when considering hiring, promotions, and bonuses for executives. Verizon said it updated supplier and sponsorship policies to remove gender- and race-based criteria.
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5/16/2025
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In a May 16
Back in February, Carr had suggested Verizon's DEI efforts could influence the agency's decision on the Verizon-Frontier deal.
With the transaction now approved, Verizon can upgrade and expand Frontier's existing network spread across 25 states. Verizon is expecting to deploy fiber connections to 1 million or more homes every year, said the FCC statement.
'By approving this deal, the FCC ensures that Americans will benefit from a series of good and commonsense wins. The transaction will unleash billions of dollars in new infrastructure builds in communities across the country—including rural America,' Carr said.
'This investment will accelerate the transition away from old, copper line networks to modern, high-speed ones. And it delivers for America's tower and telecom crews who do the hard, often gritty work needed to build high-speed networks.'
Frontier is the
Carr Targeting DEI
President Donald Trump had
'The FCC's most recent budget request said that promoting DEI was the agency's second-highest strategic goal,' Carr said in an X post later that day. 'Starting next year, the FCC will end its promotion of DEI.'
The post included a screenshot of the FCC's 'Strategic Goal 2' at the time, according to which 'advancing equity is core to the agency's management and policymaking processes and will benefit all Americans.'
After Trump
'In the very first section of the Communications Act, Congress stated that it created the FCC for the purpose of regulating interstate and foreign commerce in communication 'without discrimination on the basis of race, color, religion, national origin, or sex,'' he said.
'Promoting invidious forms of discrimination runs contrary to the Communications Act and deprives Americans of their rights to fair and equal treatment under the law.'
Carr said he was eliminating DEI from the FCC's strategic plan and budget, ending the agency's DEI advisory group and equity action plan, and getting rid of DEI analysis from FCC economic reports, among other things.
In a March 27 letter, Carr

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Another Fed official reveals when you might expect interest rate cuts
Another Fed official reveals when you might expect interest rate cuts

Miami Herald

time4 hours ago

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Another Fed official reveals when you might expect interest rate cuts

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Why More Boomers Are Deciding to Rent
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