Sprint, T-Mobile Ask FCC to Delay Verizon's AWS Buy
Sprint, T-Mobile USA, and DirecTV have asked the Federal Communications Commission to pause its review of Verizon Wireless's proposed acquisition of 122 AWS spectrum licenses from a handful of cable companies. At issue, say the signees, is the cross-selling agreement that Verizon has also struck with the cable companies to promote one another's services. Though Verizon has provided some information about the agreement, it has witheld some details and maintains that the cross-selling agreement doesn't fall under FCC purview. "As a result of the incomplete submissions by the Applicants, neither the Commission nor interested parties have an adequate basis upon which to assess the public interest implications of the proposed transactions," the companies wrote in a letter to the FCC. They are asking that the FCC halt its review of the deal until Verizon provides all the necessary information, and then reset the 180-day review clock back to zero. Verizon is paying $3.6 billion for AWS licenses from Comcast, Time Warner Cable, and Bright House Networks. It also has a separate deal with Cox Communications to buy its AWS assets for $315 million.
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.
AT&T, Verizon Dominate AWS-3 Auction
The FCC today published a list of companies that placed winning bids for the AWS-3 spectrum auction. The FCC auctioned off 1,600 licenses, for which 70 companies were competing.
Verizon Sees No More Big Spectrum Grabs In Its Future
Verizon today said it doesn't believe it will need to make any more large spectrum acquisitions following the results of the recent AWS-3 spectrum auction. Verizon netted 181 spectrum licenses at a cost of $10.4 billion.
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.