FCC approves Verizon’s acquisition of XO Communications

The FCC approved Verizon’s $1.8 billion acquisition of XO Communications, a deal that will expand Verizon’s fiber network in 40 major US markets and increase its 5G-capable wireless spectrum. With the Commission’s approval, Verizon clears a major regulatory hurdle, but the acquisition still needs the green light from some state regulators.

Links:

Verizon's XO Communications acquisition clears FCC’s approval (FierceTelecom, Nov. 17, 2016)

FCC approves Verizon acquisition of Icahn's XO Communications (Reuters, Nov. 17, 2016)

Verizon strike delays XO acquisition (Speed Matters, May 16, 2016)