California set to approve Verizon acquisition of Frontier

Core Viewpoint - The California Public Utilities Commission is poised to approve Verizon Communications's $20 billion acquisition of fiber-optic internet provider Frontier Communications after a series of considerations [1] Group 1: Acquisition Details - Verizon Communications is set to acquire Frontier Communications for a total of $20 billion [1] - The deal involves the acquisition of fiber-optic internet providers, indicating a strategic move towards enhancing Verizon's broadband capabilities [1] Group 2: Regulatory Approval - The California Public Utilities Commission's approval is a significant step in the regulatory process for the acquisition [1] - The approval follows a series of considerations, highlighting the regulatory scrutiny involved in large telecommunications deals [1]