financetom
Business
financetom
/
Business
/
FCC chair opens probe into diversity practices at Verizon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
FCC chair opens probe into diversity practices at Verizon
Feb 27, 2025 1:18 PM

WASHINGTON (Reuters) - Federal Communications Commission chair Brendan Carr on Thursday opened a probe into diversity practices at Verizon and raised the telecommunications company's ongoing effort to purchase Frontier Communications.

Carr earlier this month told NBC News-parent Comcast ( CMCSA ) he was opening a similar probe into the company's promotion of diversity, equity and inclusion programs. Verizon is awaiting FCC approval for its $9.6 billion purchase of Frontier. "In order to aid the FCC's resolution of these matters, please reach out to the agency personnel that have been working on Verizon's pending transactions at the FCC," Carr wrote.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Southwest Airlines Says Activist Investor Elliott Refuses to Engage; Carrier Reaffirms Support for CEO
Southwest Airlines Says Activist Investor Elliott Refuses to Engage; Carrier Reaffirms Support for CEO
Oct 3, 2024
06:50 AM EDT, 09/25/2024 (MT Newswires) -- Southwest Airlines ( LUV ) said late Tuesday that activist investor Elliott Investment Management has refused to engage with the company despite its efforts to reach a constructive resolution. The low-cost carrier said Elliott demanded a supermajority of the board and immediate leadership changes even before speaking with its CEO, Bob Jordan, or...
Germany turns up heat while UniCredit's Orcel calls for Commerzbank talks
Germany turns up heat while UniCredit's Orcel calls for Commerzbank talks
Oct 3, 2024
MILAN/BERLIN, Sept 25 (Reuters) - Germany cranked up its opposition to UniCredit's swoop on Commerzbank on Wednesday, while the Italian bank's CEO said he would only pursue a takeover if it had broad shareholder backing and called for talks with the government. Two weeks since UniCredit unveiled a surprise stake in Commerzbank and its CEO Andrea Orcel laid out plans...
Foreign smartphone sales in China drop 12.7% in August, data show
Foreign smartphone sales in China drop 12.7% in August, data show
Oct 3, 2024
BEIJING (Reuters) - Sales of foreign-branded smartphones, including Apple Inc's iPhone, in China fell 12.7% in August year-on-year, according to data released on Wednesday from a government-affiliated research firm. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that during the month, sales of foreign-branded phones in China fell to 1.87 million handsets,...
Market Chatter: Marathon Petroleum, Teamsters Negotiation Deadlocked as Strike Enters Third Week, Reuters Reports
Market Chatter: Marathon Petroleum, Teamsters Negotiation Deadlocked as Strike Enters Third Week, Reuters Reports
Oct 3, 2024
07:10 AM EDT, 09/25/2024 (MT Newswires) -- Marathon Petroleum ( MPC ) and the Teamsters union remain at a standstill in labor negotiations as a new labor agreement stagnates and the strike at the Detroit refinery enters its third week, Reuters reported Tuesday. Despite recent mediation efforts, no agreement has been reached, Reuters said, citing the company's spokesperson. Marathon said...
Copyright 2023-2025 - www.financetom.com All Rights Reserved