T-Mobile asks FCC to block Verizon spectrum deal

By on February 22, 2012 at 6:10 PM.

T-Mobile asks FCC to block Verizon spectrum deal

T-Mobile is urging federal regulators to block Verizon’s planned spectrum acquisition from SpectrumCo, a joint venture formed by Comcast, Time Warner and Bright House Networks. Verizon’s pending purchase could be worth $3.9 billion and would help the company build out its nationwide LTE network. In a filing late Tuesday, T-Mobile said the Federal Communications Commission should block the deal because it would place an “excessive concentration” of wireless spectrum in Verizon’s hands, reports the Associated Press. The AWS bands that Verizon is looking to acquire uses the same frequencies that T-Mobile uses for its HSPA+ network. T-Mobile claims that the nation’s No.1 carrier already has a large amount of spectrum and does not need any more, and T-Mobile can “quickly, more intensively, and more efficiently” put the spectrum to use compared to Verizon. MetroPCS, the nation’s fifth-largest wireless provider, also urged the FCC to block the deal, claiming both parties had not provided enough information to prove that the acquisition is in the public’s best interest. Verizon and SpectrumCo hope to close the deal by the middle of this year. More →

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Verizon Wireless acquires spectrum from Comcast, others for $3.6 billion

By on December 2, 2011 at 9:01 PM.

Verizon Wireless acquires spectrum from Comcast, others for $3.6 billion

Verizon Wireless announced Friday that it plans to acquire 122 advanced wireless services (AWS) spectrum licenses from SpectrumCo, a joint venture formed by Comcast, Time Warner and Bright House Networks, for $3.6 billion. The spectrum covers 259 million POPs. Comcast owns 63.6% of SpectrumCo and will take home $2.3 billion from the spectrum sale, Time Warner owns 31.2% of the company and expects to receive about $1.1 billion, and Bright House Networks will make roughly $189 million on the deal. As part of the agreement, Comcast, Time Warner and Bright House Networks will eventually have the option to sell Verizon Wireless service through wholesale channels. Read on for more. More →

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