FCC scrutinizing Verizon's petition to acquire spectrum

Bad news for Verizon as the FCC formally announced its disapproval of the company’s potential $3.6 billion acquisition of spectrum from cable companies (Cox, Time Warner, Comcast, and Brighthouse). The feds want the largest cell phone provider in the United Sates to resend its filings because it feels the original filings submitted by Verizon Wireless were full of holes, simply put, the government needs more information about the proposed deal.
The FCC’s message to Verizon yesterday was, ”In order for the Commission to complete its review of the applications and consider the necessary public interest findings…we require that you provide by March 12, 2012, a revised copy of the redacted versi... »read more

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