California regulators unanimously approved Verizon's nearly $10B Frontier acquisition; deliberations included Verizon committing to the state's DEI requirements
Utility regulators in California have approved Verizon's propose nearly $10 billion acquisition of peer broadband provider Frontier Communications …
Sources: Verizon plans to cut ~15,000 jobs, its largest workforce reduction ever, and transition ~200 stores into franchised operations, seeking to cut costs
The telecommunications company is looking to reduce costs as it works to stem customer losses — Verizon Communications is planning …
The FCC approves Verizon's $9.6B acquisition of Frontier Communications after Verizon agreed to pare back what Brendan Carr called “invidious” DEI practices
not in backroom deals. The FCC must be transparent and accountable to the American people, especially as it moves to censor and control companies it disagrees with.
Sources: the FAA is close to canceling Verizon's $2.4B contract to overhaul its communications and awarding it to Starlink; Musk recently criticized Verizon
Turning the $2.4 billion project over to Musk's company would be a major test of conflict-of-interest rules in government contracting.
Verizon will buy some of US Cellular's spectrum licenses for $1B, contingent on closing a deal announced in May to sell some US Cellular assets to T-Mobile
Jake Rudnitsky / Bloomberg :
Verizon will buy some of US Cellular's spectrum licenses for $1B, contingent on closing a deal announced in May to sell some US Cellular assets to T-Mobile
Jake Rudnitsky / Bloomberg :
Verizon agrees to acquire rival telecom operator Frontier Communications for an enterprise value of $20B including debt; Frontier reported $5.8B in 2023 revenue
- The deal has an enterprise value of $20 billion including debt — Verizon to buy fiber rival to expand high-speed internet
Verizon and satellite provider AST SpaceMobile partner to provide space-based broadband direct to phones; Verizon committed $65M in prepayments and $35m in debt
Satellite-to-phones service provider AST SpaceMobile stock surged after announcing a partnership with Verizon on Wednesday …
Sources: T-Mobile US is in talks to take over some operations and wireless spectrum licenses of US Cellular for $2B+; Verizon is also in talks with US Cellular
Wall Street Journal :
Verizon plans to sunset BlueJeans, a business-focused video conferencing app the company acquired in 2020, on August 31, due to “the changing market landscape”
Verizon dropped hundreds on millions on BlueJeans at the height of pandemic lockdowns. Threads: Dare Obasanjo / @carnage4life : Verizon is shutting down the Zoom competitor it purchased for $400 milli...