Washington

Verizon/SpectrumCo Deal on Thursday Track

Order will be essentially identical to Justice settlement with addition of data roaming requirement 8/22/2012 06:33:41 PM Eastern

The latest word on the FCC's release of the
Verizon/SpectrumCo order, which has already been approved by a 5-0 vote, is
that it will be Thursday before it is released.

The FCC is okaying Verizon's proposed purchase of $3.9
billion worth of spectrum from cable operators Comcast, Time Warner Cable, Cox
and Bright House, as well as from Leap Wireless. The order also approves
Verizon's deal to spin off some of that spectrum to T-Mobile and in fact makes
that spin-off a condition of the deal.

That spectrum had been essentially fallow after cable ops
said they had concluded there was not a business plan in building out a
competing wireless net.

According to a highly placed source, the order is
essentially the same as the Justice settlement announced two weeks ago, with
the addition of a five-year data roaming condition that requires Verizon to
abide by the FCC's data roaming order even if Verizon wins its lawsuit against
the order in court. Justice has already said it is OK with the T-Mobile
spectrum spinoff.

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