Frontier, Verizon Urge That CPUC Adopt 'Efficient Schedule' on Proposed Deal
Frontier and Verizon urged that the California Public Utilities Commission "adopt an efficient schedule" for its proceeding regarding Verizon's $20 billion all-cash deal to purchase Frontier (see 2409050010). The companies met virtually with aides to Commissioner John Reynolds, per an…
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ex parte filing posted last week. They sought approval by October and "underscored that a delay in California would impact the national transaction as a whole, and delay bringing benefits to consumers." The companies also noted that Frontier is "under financial pressure" and the transaction will allow it to continue fiber deployment.