Verizon Makes USF Commitments for Frontier Purchase
In an FCC filing on its proposed buy of Frontier, Verizon committed to comply with all USF requirements and related rules if regulators approve the deal. Verizon agreed to buy Frontier in a $20 billion all-cash deal announced in September…
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(see 2409050010). “Verizon will, consistent with the continuation of Authorized Parties’ USF-related obligations post-transaction, assume all risks and consequences of noncompliance with program requirements, regardless of whether such noncompliance pre-dates or post-dates the consummation of the transaction, including default recovery of support and potential forfeiture penalties, in all supported areas,” said the filing, posted Friday in docket 24-445. Verizon said it will comply "regardless of any preexisting or reasonably foreseeable conditions that could impact the relevant Authorized Parties’ ability to meet USF-related obligations, including technical, marketplace, and on-the-ground conditions." It filed the commitments at the request of FCC Wireline Bureau staff, Verizon added.