Verizon has made headlines by retracting its diversity, equity, and inclusion (DEI) initiatives to secure Federal Communications Commission (FCC) approval for its $20 billion acquisition of Frontier Communications. The company aims to enhance internet access to 25 states, including underserved rural areas, while promising upgrades in technology and fibre-optic deployment to millions of homes.
Key Points
- Verizon is set to buy Frontier Communications for $20 billion after altering its DEI policies.
- The FCC endorsed the deal, highlighting that it would enhance internet access technologies.
- The change in Verizon’s internal policies involves removing DEI from training and goals.
- This move mirrors a broader shift among companies adapting to a challenging regulatory landscape concerning diversity commitments.
- Similar actions have also been seen in other firms, including T-Mobile, responding to political pressures.
Why should I read this?
This article sheds light on a significant shift in corporate policies amid changing political climates. It’s a fascinating look at how big businesses, like Verizon, are adjusting their commitments to diversity in pursuit of government approvals, reflecting broader trends in the corporate world. If you’re curious about how business and politics intersect, this one’s a must-read!
