Phone Scoop

printed October 23, 2014
See this page online at:
http://www.phonescoop.com/articles/article.php?a=10948

Home  ›  News  ›

Verizon Agrees to DoJ Terms to Gain Spectrum Approval

Article Comments  4  

Aug 14, 2012, 7:08 AM   by Eric M. Zeman

Verizon Wireless has agreed to make several significant concessions in order to win approval from the Department of Justice for its proposed purchase of 122 AWS spectrum licenses from a consortium of cable companies. Verizon and the cable companies will limit the scope and duration of their cross marketing agreements, according to sources cited by the Wall Street Journal. The companies have agreed to a five-year time limit on the cross marketing arrangements, after which they will need to reapply with the government to continue them. Verizon Wireless and Comcast have also agreed to drop the cross marketing portion of the proposal altogether in markets where they compete directly for cable, internet, and phone services. The Journal's sources indicate that the final set of details are still being worked out, but the DoJ and Federal Communications Commission have, by and large, decided to approve the deal. The Journal reports that the FCC and DoJ will likely signal official approval for the spectrum purchase in the coming weeks. The purchase will give Verizon Wireless access to more airwaves in the 1700MHz band, which it plans to use to supplement its LTE 4G network.

more info at Wall Street Journal »

AD

Comments

Forum Options

This forum is closed.


Subject Author Date
For all those who are butt hurt Cellenator Aug 14, 2012, 1:37 PM
 
 
Page  1  of 1

This forum is closed.

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Phone Scoop on Google+ Subscribe to Phone Scoop on YouTube Follow on Instagram

 

All content Copyright 2001-2014 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.
2