Verizon-cable companies spectrum sale

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In Verizon’s Price Battle With AT&T, Users Get the Spoils

Location:
Verizon Wireless, Basking Ridge, NJ, United States

Your mobile-phone bill may finally be shrinking. The industry’s fight over prices, ignited in 2013 by T-Mobile US, is beginning to have a noticeable effect even for consumers who haven’t switched carriers.

The FCC Must Update the Spectrum Screen

Location:
Verizon Communications, 140 West St, New York, NY, 10007, United States
Recommendation:
2

Many parties, including Verizon and Sprint, have been arguing that the Federal Communications Commission must update the spectrum screen to reflect current wireless realities.

Shammo: Verizon Wireless joint innovation venture with Comcast, TWC 'has been terminated'

Location:
Verizon Communications, 140 West St, New York, NY, 10007, United States
Recommendation:
2

The joint innovation venture that Verizon Wireless launched with Comcast, Time Warner Cable and Bright House Networks after agreeing to buy spectrum from the cable companies in December 2011 "has been terminated," Verizon CFO Fran Shammo said.

Verizon CFO: Our 700 MHz spectrum sale is not a 'fire sale'

Location:
Verizon Wireless, Basking Ridge, NJ, United States
Recommendation:
2

Verizon Wireless said it has many parties interested in purchasing its 700 MHz lower A and B Block spectrum, but company CFO and EVP Fran Shammo told investors on the company's quarterly earnings call that the spectrum is not a "fire sale."

Mobile Services and Cable TV Are Unexpected Allies

Location:
Verizon Wireless, Basking Ridge, NJ, United States
Recommendation:
2

Tucked amid rows of office cubicles at the sprawling Verizon Wireless headquarters and hidden behind a locked door sit the company’s best kept retail secrets. The mock store looks like a Verizon Wireless retail outlet right down to the signs for the iPhone 5 and racks of mobile accessories. But on one wall, an experimental display of tablets and smartphones labeled “Home Services” offers Verizon customers a new service: cable TV.

Verizon's Shammo: We have enough spectrum for 4-5 years

Location:
Verizon Communications, 140 West St, New York, NY, 10007, United States
Recommendation:
1

Verizon Communications CFO Fran Shammo said that Verizon Wireless now has enough spectrum to handle its capacity needs for the next four to five years. He called the carrier's recently approved $3.9 billion purchase of nationwide AWS spectrum from a group of cable companies "an absolute strategic acquisition for us."

FCC Authority In VZ/SpectrumCo, or “Real Lawyers Read The Footnotes.”

Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States
Recommendation:
2

There is a huge difference between “it’s bad policy, don’t do it” and “you don’t have authority.”

Why Verizon Was Allowed to Buy Wireless Spectrum and AT&T Wasn't

Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States
Recommendation:
2

Why did Verizon Wireless just get regulator OK to acquire wireless spectrum from cable television companies, whereas AT&T got turned down in its attempt to acquire T-Mobile for the same reason? And why is it still important for regulators to solve the growing wireless data spectrum crunch?

Verizon-SpectrumCo: How Do Ya Like Me Now?

Location:
Department of Justice, 950 Pennsylvania Avenue, NW, Washington, DC, 20530-0001, United States
Recommendation:
2

Last week, Benton’s Headlines staff was distracted by breaking news from the Department of Justice that it was approving, with some changes, a nearly $4 billion deal between Verizon and some of the country’s largest cable companies. By this week’s end, the deal was approved by the Federal Communications Commission as well. Here’s a quick recap of how the week played out.

FCC Concludes Review of Verizon Wireless-SpectrumCo Deal and Approves Related Spectrum Transactions

Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States
Recommendation:
5

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.

FCC Establishes Docket for Monitoring the Recent Verizon Wireless Transaction

Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States
Recommendation:
4

To assist in monitoring any effects Verizon-SpectrumCo Commercial Agreements have on the marketplace and on the development of emerging product markets, the Federal Communications Commission opens a docket “for the public to file complaints or petitions alleging that the parties are acting in violation of the conditions imposed by this order or engaging in anti-competitive conduct relating to this transaction that implicates the public interest or otherwise violates the Act or FCC rules.”

DOJ Releases Confidential Information; Verizon/Cable Deal As Bad As We Thought

Location:
Department of Justice, 950 Pennsylvania Avenue, NW, Washington, DC, 20530-0001, United States
Recommendation:
3

The Department of Justice released details of Verizon’s and cable companies’ commercial agreements. The DoJ’s Competitive Impact Settlement includes previously confidential details about the deals, which is disappointing to read given the DOJ’s approval and lackluster conditions.

Sources: Votes Are In, and Its 5-0 for Verizon/SpectrumCo

According to sources inside and outside the Federal Communications Commission, all five commissioners have now cast their votes on Verizon/SpectrumCo, and it will be 5-0 approving Verizon's purchase of spectrum from cable operators Comcast, Time Warner Cable, Cox and Bright House, with the two Republicans concurring in part.

Three FCC Votes In for Verizon/SpectrumCo

Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States
Recommendation:
3

The Federal Communications Commission's two Republican members -- Robert McDowell and Ajit Pai -- have voted to approve the order allowing Verizon to buy advanced wireless spectrum from cable operators Comcast, Time Warner Cable, Cox and Bright House, according to an FCC source familiar with the tally.

The Sprint Is On for New Wireless Bids

Recommendation:
2

The government's relative leniency in its requirements for giving a green light to the Verizon-SpectrumCo deal has sparked hopes of further wireless consolidation as carriers seek spectrum to build out next-generation 4G LTE networks.

Full Speed Ahead for Verizon and Cable

Location:
Information Technology and Innovation Foundation (ITIF), 1101 K Street, NW, Suite 610A, Washington, DC, 20005, United States
Recommendation:
2

The Justice Department has given the go-ahead to a very interesting transaction between Verizon Wireless and the cable companies, with certain conditions. The government’s review followed the template we suggested in the comments we filed with the FCC in February, where the spectrum transaction and the other arrangements were evaluated separately.

Could Verizon/SpectrumCo Create Gaping New Loophole In Media Ownership Rules?

Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States
Recommendation:
3

Few people would imagine that the Verizon/SpectrumCo deal, now heading rapidly for conclusion, could potentially have huge impact on traditional broadcast ownership rules. Unfortunately, unless the Federal Communications Commission takes action, the deal is likely to create a new and powerful loophole in traditional media ownership rules involving something called the “attribution rules.”

The Spectrum Gap Keeps Growing

Location:
Public Knowledge, 1818 N Street, NW, Washington, DC, 20036, United States
Recommendation:
2

A growing "spectrum gap" between Verizon and AT&T and the rest of the wireless industry is hobbling competition and harming consumers.

Verizon learned from AT&T’s mistakes to push spectrum deal with cable operators

Location:
Washington, DC, United States
Recommendation:
2

In winning approval for a $3.6 billion deal with leading cable companies, Verizon showed that it learned from the mistakes of its chief rival, AT&T.

Keeping Verizon Wireless from being too cozy with cable

Location:
Department of Justice, 950 Pennsylvania Avenue, NW, Washington, DC, 20530-0001, United States
Recommendation:
2

The Department of Justice says Verizon can go ahead with its $3.6-billion purchase of wireless spectrum from the cable industry, but not without some tweaks to help protect consumers from telecom behemoths becoming too cozy.

Barack Obama, trustbuster?

Location:
The White House, 1600 Pennsylvania Avenue NW, Washington, DC, 20500, United States
Recommendation:
2

President Barack Obama borrowed a tool from Teddy Roosevelt to prevent American companies from gouging consumers: a big stick. Just ask Apple, Google, AT&T, Visa, MasterCard and H&R Block. And now you can add Verizon to the list.

Verizon/Cable Settlement with DOJ: A Closer Look

Location:
Department of Justice, 950 Pennsylvania Avenue, NW, Washington, DC, 20530-0001, United States
Recommendation:
3

The Department of Justice (DOJ) announced that it will allow, with conditions, Verizon, Comcast, and other cable companies to cross-market each other’s products and establish a Joint Operating Entity to develop and control new technology. The DOJ's proposed settlement includes many conditions that attempt to alleviate some of the harms of this deal. Although the conditions still won't be as effective as blocking the deals in their entirety, the DOJ and Federal Communications Commission do deserve credit for trying to fix some of the harms from the deal and for rightfully asserting their authority over the transactions to begin with.

When Competition Is Cooked, Consumers Are Toast

Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States
Recommendation:
2

Federal Communications Commission and Department of Justice approval of the Verizon/SpectrumCo deal is inevitable. Some conditions around the edges will be imposed, as in the Comcast/NBCU merger of 2011, but they won’t grapple with the fundamental problem.

Critics Slam SpectrumCo Approval

Location:
Washington, DC, United States
Recommendation:
3

While the cable industry was patting itself on the back after receiving federal antitrust approval of its $3.9 billion wireless spectrum sale to Verizon Wireless, some public policy groups criticized the deal -- and the conditions agreed to by both parties -- as not serving consumer interests.

Sen Franken: DOJ should have been tougher on Verizon

Location:
US Capitol, East Capitol Street, NE and 1st Street, NE, DC, 20515, United States
Recommendation:
2

Sen. Al Franken (D-MN) criticized the Obama administration for not imposing tougher conditions on Verizon's $3.6 billion deal with the nation's largest cable companies.

Justice Department Requires Changes to Verizon-Cable Company Transactions to Protect Consumers, Allows Procompetitive Spectrum Acquisitions to Go Forward

Location:
Department of Justice, 950 Pennsylvania Avenue, NW, Washington, DC, 20530-0001, United States
Recommendation:
5

The Department of Justice announced today that it will require Verizon and four of the nation’s largest cable companies—Comcast, Time Warner Cable, Bright House Networks and Cox Communications—to make changes to a series of agreements concerning both the sale of bundled wireless and wireline services, and the formation of a technology research joint venture. The department said that, if left unaltered, the agreements would have harmed competition by diminishing the companies’ incentive to compete, resulting in higher prices and lower quality for consumers.

FCC’s Genachowski: Commission Should Now Approve Verizon-SpectrumCo Deal

Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States
Recommendation:
3

A rigorous review by the Federal Communications Commission and Department of Justice staffs revealed that the deal as proposed by Verizon Wireless and the cable company owners of SpectrumCo posed serious concerns, including in the wired and wireless broadband and video marketplaces. In response to the agencies’ objections, the parties have made a number of binding pro-competitive commitments and will also make fundamental changes to their agreements. Because of these substantial undertakings and in light of the Consent Decree the companies executed with the Justice Department today, I believe the Commission should now approve this transaction, and I will be circulating a draft order to my colleagues that would do so.

Verizon-Cable Agreement Is Said To Win Antitrust Approval Today

Location:
Department of Justice, 950 Pennsylvania Avenue, NW, Washington, DC, 20530-0001, United States
Recommendation:
3

The Justice Department is set to give approval to Verizon Wireless’s purchase of airwaves from Comcast and other cable companies soon in exchange for limits on agreements to sell each other’s services.

Verizon Deal Nears Regulatory Approval

Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States
Recommendation:
2

Federal regulators are preparing to clear Verizon Wireless's $3.9 billion deal to acquire airwaves from several cable companies including Comcast, according to people close to the negotiations, after the companies reached broad agreement to settle antitrust concerns.

Verizon Wireless spectrum deal in for tough remedy

Verizon Wireless may need to agree to tough conditions to win approval for its deals to buy spectrum from cable companies and market each other’s products, according to three sources knowledgeable about the negotiations.