Verizon's trying to buy $3.6b worth of spectrum from the Comcast / Time Warner / Bright House partnership known as SpectrumCo, and the companies plan to offer each other's services. The deal has drawn attention from the FCC, and we're tracking it all right here.
Following the Department of Justice's lead last week, the FCC has now approved Verizon's acquisition of a large swath of AWS spectrum from a consortium of cable companies operating as SpectrumCo that includes Comcast and Time Warner.
The US Department of Justice has signed off on a major deal between Verizon Wireless and several cable companies that will see America's largest carrier gain valuable new spectrum.
Sources have said that Verizon's deal to purchase spectrum and engage in cross-selling with cable companies will be approved in the next few weeks, with some restrictions on selling and requirements that Verizon use the spectrum soon after purchasing it.
Regulators expected to approve spectrum deal between Verizon and cable companies, demand significant concessions
According to Reuters, the FCC and Department of Justice are poised to approve Verizon's purchase of spectrum from a variety of cable companies.
The Wall Street Journal reports that while the FCC is "essentially prepared to sign off" on Verizon Wireless’s deal to acquire AWS spectrum from a consortium of cable companies, Justice Department officials are still worried about the deal’s antitrust implications. So far, cross-selling is only happening where Verizon’s own FiOS service is unavailable, and the concern is that there’s an implicit agreement between the companies not to move in on one another’s turf.
Verizon's controversial spectrum purchase from cable companies nearing FCC approval, Reuters reports
Reuters is reporting that the FCC is close to approving a large deal to transfer AWS spectrum from cable consortium SpectrumCo to Verizon.
AT&T CEO Randall Stephenson has said that his company would be very interested in acquiring the 700MHz spectrum being offered by Verizon if the government approves its own acquisition of SpectrumCo's AWS holdings.
Senator Herb Kohl has written to both the FCC and the Department of Justice, urging them to examine the "serious competition concerns" implicit in a deal that would allow Verizon to purchase $3.6b worth of spectrum from the Comcast / Time Warner / Bright House partnership known as SpectrumCo.
The FCC has submitted a letter to Verizon asking for more information on its conditional sale of 700MHz spectrum.
A number of carriers, businesses, and trade organizations have launched the Alliance for Broadband Competition today.
The FCC is delaying its decision on Verizon's spectrum purchase from big cable companies by 21 days to allow for further review of the documents the companies are submitting.
Customers in Atlanta, Chicago, Kansas City, MO., Minneapolis, and Salt Lake City will now be able to purchase Comcast Xfinity services at Verizon stores while Comcast customers will be able to set up Verizon services directly from Comcast.
Verizon and SpectrumCo have issued a statement to the FCC as it considers a transfer of AWS spectrum, telling it that T-Mobile has waffled on key issues that render its objections moot.
Verizon to sell unused 700MHz licenses if allowed to buy controversial spectrum from cable companies
Verizon is offering its A and B block 700MHz spectrum for sale, provided that the US government approves its acquisition of SpectrumCo's AWS holdings.
Verizon and Time Warner stores in Kansas City (Kansas), Toledo and Columbus (Ohio), and Raleigh (North Carolina) will now offer products and services from the other company in package deals.
Verizon is very keen on getting public support for its proposed $3.6 billion purchase of wireless spectrum from Comcast, Bright House and Time Warner Cable, and today CEO Lowell McAdam is suggesting to that same public that a mobile television service could help sweeten the deal.
A day after Verizon general counsel Randal Milch testified before a Senate committee defending the company's proposed acquisition of AWS spectrum from a joint venture of several cable companies, the company has taken its case directly to the public with a new post on its Policy Blog
Verizon defends its Comcast deal before Congress, says there's 'no other place to go to buy spectrum'
Scrutiny has mounted in recent months over Verizon's deal to purchase of $3.6 billion of spectrum from SpectrumCo -- a joint venture of Comcast, Time Warner Cable, and Bright House — and today at 2PM EST the US Congress' Senate Judiciary Committee will hear testimony from Verizon about the deal.
Verizon has filed documentation with the FCC suggesting that it needs SpectrumCo's AWS spectrum to help alleviate an LTE capacity crunch that could occur as soon as next year.
In a blog post, Verizon has refuted a statement from T-Mobile claiming that it's inefficient, saying that Verizon actually utilizes spectrum twice as efficiently as T-Mobile.
T-Mobile has appealed to the FCC to block Verizon's deal to purchase AWS spectrum from Time Warner, Comcast, and Bright Home.