Verizon sale of FiOS and DSL network in three states clears FCC hurdle

Verizon's proposed sale of wireline facilities in three states to Frontier Communications was approved by the Federal Communications Commission in an order issued Wednesday.

Verizon had already gotten approval from the Department of Justice. Now the company just needs the green light from regulatory authorities in California, Florida, and Texas, the states where it's selling off copper and fiber networks to Frontier.

"With these approvals in hand, we look forward to promptly receiving the remaining regulatory approvals in the coming months," Verizon said. Frontier said it expects to close the deal in the first quarter of 2016.