(Corporate names added in heading)
Washington (dpa-AfX)-The US telecom giant Verizon has only received the billion dollar takeover of a competitor in the United States after not diversity initiatives. Verizon had already set up a total of around $ 20 billion of the competitor Frontier Communications (Frontier Communications Parent) last September.
US President Donald Trump is on a campaign against initiatives for diversity, equality and inclusion. In the United States, they are known under the abbreviation Dei (Diversity, Equity and Inclusion). Disadvantaged groups of people are to be promoted with the programs – but the President and his Republican Party claim that this will discriminate against others and suffer from competence.
Print from Washington
The head of the Telekom supervision FCC, Brendan Carr used by Trump, had criticized in February that Verizon would not be able to abolish the DEI programs. Among other things, Carr was outraged that, according to a report, there was anti-racism training.
On Thursday, Verizon now announced the FCC (Federal Communications Commission) that all diversity programs would be ended immediately. On Friday, the green light came from Washington for the takeover. Verizon pays $ 9.6 billion for Frontier and takes over around $ 10 billion in debts.
T-Mobile US also affected
It is not the first time that a takeover in the Carr industry was only released after the end of DEI programs. At the beginning of April, the German Telekom subsidiary (Deutsche Telekom) had largely deleted its diversity initiatives. The day after, the FCC approved the takeover of the cable network operator Lumos./So/dp/he.
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