Tags: fcc | verizon | comcast | time-warner

FCC Wants More Data on Verizon’s Airwave Purchase

Thursday, 08 March 2012 05:03 PM

U.S. regulators asked for more information about Verizon Wireless’s proposed $3.6 billion purchase of airwaves from cable companies led by Comcast Corp.

The Federal Communications Commission posted queries to Verizon, Comcast and second-largest U.S. cable operator Time Warner Cable Inc. on its website Thursday.

Verizon and the cable companies announced an accord for the purchase of unused airwaves in December, and also said they had agreed to sell each others’ services.

The Justice Department is looking into the marketing deals, and the FCC today said it will review parts of the agreements as it examines the airwaves sale.

Verizon Wireless, based in Basking Ridge, New Jersey, is 55 percent owned by Verizon Communications, with the remainder held by Newbury, United Kingdom-based Vodafone Group Plc.

© Copyright 2018 Bloomberg News. All rights reserved.

1Like our page
Thursday, 08 March 2012 05:03 PM
Newsmax Media, Inc.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved