Verizon Agrees to DoJ Terms to Gain Spectrum Approval
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.
Verizon Closer to $10B Asset Sale to Pay Down Debt
Verizon Communications has lined up several deals that will earn it up to $10 billion, reports the Wall Street Journal. The company took on a massive amount of debt to buy Vodafone's portion of Verizon Wireless last year.
T-Mobile and Dish Discussing Possible Merger
T-Mobile and Dish Networks are negotiating a potential merger between the two companies, reports the Wall Street Journal. The companies have agreed to some of the broad strokes of combining, but not the details.
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.
FCC Awards Spectrum Licenses to AWS-3 Bidders
The FCC today officially granted some winning bidders in the AWS-3 spectrum auction the licenses allowing them to take ownership of the airwaves. The AWS-3 spectrum auction concluded earlier this year, with AT&T, Dish Networks, T-Mobile, and Verizon Wireless the top four bidders.
For all those who are butt hurt
nation networks. They already have 1X, 3G and 4G network and know with this spectrum they could deploy LTE-Advance as a whole new network. (Do not remember the site I think it was CNET)