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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
05/21/201316:50:36ESPN Lays Off a Few Hundred Workers as TV Rights Fees Rise
05/20/201311:20:11NBCUniversal Names Turness President of NBC News
05/20/201311:13:07NBCUniversal Names Deborah Turness President of NBC News
05/17/201316:30:08DirecTV Considering Acquisition of Video Site Hulu
05/17/201310:10:11Target Begins Testing Video Streaming Service
05/16/201310:01:14Amazon Expands Content Deal with NBCUniversal
05/06/201309:20:05Clearwire Says Sprint Deal Best for Minority Shareholders
05/06/201309:11:31Clearwire Reiterates Sprint Deal Is Best Option for Minority...
05/01/201309:53:38Correction on Comcast Earnings Story
05/01/201308:40:07Comcast Net Jumps 17%
05/01/201308:11:13Comcast 1st-Quarter Profit Up 17%; Internet, Voice Customers...
04/28/201308:21:11MARKET SNAPSHOT: Data To Overtake Earnings As May Looms
04/26/201316:09:07WEEK AHEAD: Facebook Earnings, Fed Meeting, April Payroll Data
04/17/201317:40:52Studios, Theater Owners Mull New Ideas for Video On Demand
04/09/201319:27:09NBC in Early Stages of Talks With Alec Baldwin for Late-Night...
03/27/201310:57:36U.S. Supreme Court Rules for Comcast in Philadelphia Antitrust...
03/27/201310:08:35CSG Cuts 2013 View on Pricing Adjustments in New Comcast Contract
03/25/201320:30:25Hulu in Talks With Potential Buyers
03/20/201317:10:29GE Sells $4 Billion of NBCU Bonds to Investors
03/01/201317:30:04Disney, News Corp. Discussing Future of Hulu

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