Verizon Secures FCC Approval for $9.6 Billion Frontier Acquisition Verizon has received the green light from the FCC to acquire Frontier Communications for $9.6 billion, contingent on scaling back certain diversity initiatives. The deal, valued at $20 billion including debt, will expand Verizon’s fiber network to 25 states, aiming to accelerate broadband access, particularly in rural areas.12