California, Nevada and South Carolina approve Frontier acquisition of Verizon local wireline operations

BASKING RIDGE, N.J., Oct. 29 /PRNewswire/ -- State regulators in California, Nevada and South Carolina this week approved the acquisition of the local wireline operations of Verizon Communications Inc. (NYSE: VZ) serving residential and small-business customers in all or parts of those states by Frontier Communications Corporation (NYSE: FTR).

These state regulatory approvals follow an Oct. 27 announcement by Frontier that its shareowners have approved the transaction, which will result in Frontier owning Verizon's wireline operations in all or parts of 14 states...