The Federal Communications Commission has approved Verizon Communications Inc.'s (VZ) purchase of XO Communications LLC's fiber-optic network, Fortune reported Thursday.

According to the report, the $1.8 billion deal still requires approval from Pennsylvania and New York.

Full story at http://fortune.com/2016/11/17/verizon-5g-xo-communications-fcc/

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(END) Dow Jones Newswires

November 17, 2016 16:02 ET (21:02 GMT)

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