FCC approves AWS deal to Verizon as long as it goes to T-Mobile soon
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The Federal Communications Commission officially approved Verizon's bid to buy a large amount of AWS spectrum from cable companies yesterday. This paves the way for the spectrum to be moved along to T-Mobile. The deal includes a few different transactions. Verizon is purchasing spectrum from Cox and SpectrumCo, which is a joint venture that includes various subsidiaries of Comcast, Time Warner Cable, and Bright House Networks. The deal also includes spectrum swaps between Verizon and Leap, as well as Verizon and T-Mobile.
There are also a few conditions as part of the deal. The spectrum transfer with T-Mobile has to be completed within 45 days of the completion of the deals between Verizon and Cox/SpectrumCo, and Verizon and Leap. Additionally, Verizon must put the spectrum it is acquiring to use. Within 3 years, Verizon must provide coverage to 30% of the population in the areas acquired, and within 7 years, it has to cover 70%. Lastly, Verizon must continue to offer roaming in areas that it is acquiring.
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6 Comments
2. MATOZ posted on 24 Aug 2012, 15:00 2
Smell like a LTE coming up for Tmobile in near future... hope so.
4. Gcombs posted on 24 Aug 2012, 16:03 0
Actually Verizon offered to sell some spectrum if the deal was approved but T-Mobile complained to the FCC so Verizon came back with offering T-Mobile some of the spectrum it was trying to acquire along with selling some as well.
6. thephoneguy92 posted on 24 Aug 2012, 22:01 0
For the same reason that AT&T was stopped from acquiring T-Mobile. Without T-Mobile, the major carriers would be only AT&T, Verizon and Sprint. And seeing as Sprint is not doing so well, AT&T and Verizon would have a choke hold on the mobile industry, making it easier to form a monopoly of sorts. Or maybe not.
