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T-Mobile, Sprint Call On FCC To Slow Verizon Spectrum Bid Review

By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- T-Mobile USA and Sprint Nextel Corp. (S) called on federal regulators to suspend an informal 180-day review period of Verizon Wireless's bid for $3.9 billion worth of wireless airwaves from a group of cable-television companies. The carriers are seeking the suspension in order to get Verizon Wireless to disclose more information about a marketing deal with the cable companies regarding the cross-promotion of services. In a filing with the Federal Communications Commission, the carriers--joined by DirecTV Group Inc. (DTV) and several consumer groups--said Verizon Wireless should be required to release unredacted versions of filings that detail the commercial agreements. "Those redactions, which the applicants describe as 'relating to pricing, compensation and marketing strategies,' make it impossible to understand the full ramifications," according to the filing. Verizon Wireless defended the spectrum deals in an FCC filing released Monday, saying it would relieve its congested network and bring mobile broadband to a wider swath of Americans. The carrier said the FCC shouldn't review the marketing accord, as it is already being scrutinized by the Justice Department. "The cross-marketing agreements are redacted to protect sensitive business information, such as pricing, that would undermine competition and ultimately harm consumers," a Verizon spokesman said Tuesday, noting that the Justice Department and some FCC officials have access to full versions of the documents. An FCC spokesman declined to comment. Verizon announced the deals with Comcast Corp. (CMCSA, CMCSK), Time Warner Cable Inc. (TWC), Bright House Networks LLC and Cox Communications Inc. in December as AT&T Inc.'s (T) failed $39 billion bid for T-Mobile was winding down. T-Mobile has opposed the Verizon Wireless spectrum deals, cautioning they could put too much of a scarce resource into the hands of too few. Verizon Communications Inc. (VZ), which co-owns Verizon Wireless with Vodafone Group PLC (VOD, VOD.LN), recently shed 18 cents to $38.82. -By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

Stock News for Comcast (CMCSK)
DateTimeHeadline
04/18/201414:20:29Comcast, TWC in Talks to Sell $20 Billion in Assets to Charter
04/18/201414:01:24Comcast, Time Warner Cable, in Talks to Sell $20 Billion in Assets...
04/15/201413:58:33NBCUniversal Plans Big Digital Video Push
04/08/201414:47:40DirecTV Close to Deal with Weather Channel--Update
04/02/201416:03:07DirecTV Signs Multiyear Deal With WeatherNation
04/02/201413:02:24EU to Vote on Web Traffic Regulation
03/28/201412:32:03Charter Urges TWC Shareholders to Reject Comcast Deal
03/28/201412:31:28Charter Urges Time Warner Cable Shareholders to Reject Comcast...
03/24/201416:56:39MARKET SNAPSHOT: U.S. Stocks Fall; Nasdaq Skids 1.2%
03/24/201416:33:36TECH STOCKS: Apple's A Rare Gainer As Most Techs Tumble
03/24/201415:34:51MARKET SNAPSHOT: Stocks Fall; Nasdaq Set For Biggest Loss In...
03/24/201415:32:44TECH STOCKS: Apple Gains On Reports Of Comcast Talks
03/24/201415:29:56MARKET SNAPSHOT: U.S. Stocks Drift Lower After Weak PMI
03/20/201418:30:30Netflix CEO Says Broadband Providers Should Interconnect for...
03/20/201415:05:33Comcast Details How TWC Talks Unfolded
03/12/201414:46:52AT&T Again Warns Window for Europe Deal Closing
03/11/201413:54:21DirecTV CEO Reiterates Concerns About Comcast, TWC Deal
03/10/201417:41:16Sean Combs Bids About $200 Million for Madison Square Garden's...
03/06/201413:45:28Top DOJ Antitrust Official Recused from Comcast-Time Warner Review
03/02/201406:18:18MARKET SNAPSHOT: Jobs, Winter Weather To Test Record Stock Levels

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