Frontier's Verizon line acquisition gets Illinois regulatory approval

Frontier (NYSE: FTR) can now cross another item off its checklist in its pending acquisition of Verizon's (NYSE: VZ) rural lines as it got unanimous approval of the deal from the Illinois Commerce Commission (ICC).

Illinois is the eighth state to bless the deal, joining Oregon, Arizona, Ohio, Nevada, South Carolina, California and just last Friday Washington State. Frontier still needs to get regulatory approval from West Virginia--a state where there has been widespread protest from unions on the deal--and the FCC.

Gaining the ICC's approval did not come without its initial challenges for Frontier. Last month, Illinois Administrative Law Judge Lisa M. Tapia argued that the amount of debt Frontier would have to shoulder when it completes the deal would prevent it from being able to manage the Verizon lines and provide a good customer experience.

For more:
- see the release here

Related articles:
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Frontier-Verizon deal faces opposition in Illinois
Oregon PUC approves Frontier's Verizon local line acquisition
Frontier gets Ohio's blessing for Verizon line acquisition
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Frontier moves on Verizon's rural lines - Top Telecom M&As for 2009
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