The Federal Communications Commission said Friday it was approving Verizon Communications's $20 billion deal to acquire fiber-optic internet providers Frontier Communications after the largest U.S. telecom company agreed to end its diversity,

The FCC has signed off on the $20 billion Verizon and Frontier Communications merger. This federal agency approval will allow Verizon to significantly expand its fiber reach and subscriber base, which is presently limited primarily to the Mid-Atlantic and Northeast.