The Washington Utilities and Transportation Commission on Friday (April 16) announced its conditional approval of the transaction under which Frontier Communications Corporation would acquire the local landline operations of Verizon Communications in Washington.
The transaction has already been approved by regulators in Arizona, California, Nevada, Ohio, Oregon and South Carolina. At the federal level, the Federal Trade Commission and the U.S. Department of Justice granted the parties' request for early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
The following statement should be attributed to Tim McCallion, president of Verizon's West region:
"We're pleased the commission has acted and approved the transaction. We are now evaluating the order and the unique circumstances underlying the conditions."