T-Mobile Seeks to Block Verizon's Spectrum Acquisition
T-Mobile USA has indicated via filings with the Federal Communications Commission that it wants the government to prevent Verizon Wireless from acquiring spectrum assets from a handful of cable companies. T-Mobile argues that by giving the spectrum assets from Comcast, Time Warner Cable, Bright House Networks, and Cox Communications to Verizon, it would give Verizon an "excessive concentration" of the nation's wireless resources. Verizon is hoping to purchase blocks of 700MHz and AWS spectrum for $3.6 billion. T-Mobile USA recently lost its bid to be acquired by AT&T, which was blocked by the U.S. government over antitrust concerns.
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