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FCC Approves Verizon Wireless-SpectrumCo Transaction

News release: “The Federal Communications Commission has concluded its review of the Verizon Wireless-SpectrumCo deal and approved four significant spectrum transfer applications involving Verizon Wireless, subject to a number of binding commitments and conditions. The applications include, among other things, the assignment of AWS-1 licenses held by Cox and SpectrumCo (a joint venture among subsidiaries of Comcast, Time Warner Cable, and Bright House Networks) to Verizon Wireless; a spectrum “swap” between Verizon Wireless and Leap; and Verizon Wireless’s net assignment of AWS-1 licenses to T-Mobile. The full Order further explaining the Commission’s reasoning and the commitments and conditions is available here.”

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