FCC Nears Verizon/SpectrumCo OK
According to sources, the commission is close to approving Verizon’s purchase of wireless spectrum from four big cable operators
By John Eggerton -- Broadcasting & Cable, 7/16/2012 12:01:00 AM
If they do, approval would likely come in August. The FCC still has to vet comments it solicited after Verizon said it would trade some spectrum it acquired from Comcast, Time Warner Cable, Cox and Bright House with T-Mobile. That trade would make the SpectrumCo deal even more FCCfriendly by reducing the number of markets where Verizon would have concentrations of spectrum above an informal FCC cap to only a handful.
Deal opponents were weighing in last week, including Democratic legislators and Free Press. But if the cable operators and Verizon are willing to compromise on the marketing agreements—they declined to comment on that prospect—the deal will likely be done by mid-August, which would beat the FCC’s informal 180-day shot clock.
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