Gov Set to Approve Verizon-Cable Deal With Conditions
The Federal Communications Commission and Department of Justice are prepared to approve Verizon Wireless's proposed acquisition of 122 AWS spectrum license from a consortium of cable companies, but only if those companies agree to major concessions. According to sources cited by Reuters, the FCC and DoJ will allow the spectrum purchase itself to proceed with minimal adjustments. However, the DoJ has grave concerns about the cross marketing agreements that are part of the proposal, especially those between Verizon and Comcast. Reuters' sources say the DoJ would force Verizon and the cable companies to modify the side deals heavily in order to gain approval. For example, the DoJ would not allow Verizon and Comcast to market one another's products in areas where Verizon offers its FiOS internet and television services. In other markets, the cross marketing agreement would only be allowed for a specific amount of time. The companies hope the proposal's review will be completed by the end of the month. Both the FCC and DoJ declined to comment on Reuters' story.
FCC and Justice Dept. Likely to Approve AT&T-DirecTV Deal
The FCC and Department of Justice are wrapping up their review of AT&T's proposed $49 billion acquisition of DirecTV and don't have any real concerns, according to people familiar with the matter. The agencies may still impose conditions on the deal, but aren't likely to block it, says the Wall Street Journal.
FCC Likely to Side with AT&T and Verizon in Spectrum Fight
The FCC is close to making a final decision regarding how much spectrum to set aside for smaller carriers in next year's 600MHz auction and T-Mobile isn't going to be happy. The FCC has already set aside 30MHz of the airwaves in question for smaller carriers, thereby limiting how much spectrum AT&T and Verizon — the nation's two largest carriers — can acquire.
Verizon and T-Mobile Agree to $173M Spectrum Swap
Verizon Wireless and T-Mobile have agreed to exchange AWS-1 and PCS spectrum in dozens of markets around the country in a deal valued at $173 million. The spectrum in question covers portions of Arkansas, California, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Montana, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, and Virginia.
Deutsche Telekom Shopping T-Mobile to Comcast
Deutsche Telekom is discussing with Comcast the possibility of the cable firm buying T-Mobile US. Deutsche Telekom is talking to several other companies, including Dish Networks, but Comcast is seen as the primary contender thanks to its stronger finances.