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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
08/27/201521:16:00Comcast Launches New 250 Mbps Internet Tier in Oregon & SW Washington
08/26/201510:00:00Comcast Cable Accepting Proposals for Two New Hispanic American...
08/25/201514:51:00Xfinity On Demand Top 20 TV for the Week of August 10 – August 1...
08/25/201508:30:00Comcast Fosters Chico Local Business Innovation and Productivity...
08/25/201507:00:00Comcast Increases Internet Speeds for Twin Cities Area Customers
08/24/201509:22:00Comcast to Participate in Goldman Sachs Communacopia Conference
08/19/201517:00:00Khan Academy And Comcast Partner To Honor Oakland Students
08/19/201513:30:00Comcast Extends Internet Essentials, Its High-Speed Internet...
08/19/201510:00:00Billion Dollar Roundtable Inducts Comcast NBCUniversal
08/18/201516:20:00Comcast's NBCUniversal Agrees to Invest in BuzzFeed -- Update
08/18/201515:03:00Xfinity On Demand Top 20 TV for the Week of August 3 – August 9...
08/18/201514:40:00Comcast's NBCUniversal Agrees to Invest $200 Million in BuzzFeed
08/18/201509:17:00Comcast's NBCUniversal Agrees to Invest $200 Million in BuzzFeed
08/17/201515:46:00Comcast to Participate in Bank of America Merrill Lynch Investor...
08/17/201508:00:00Comcast Hometown Network (Channel 104) to Televise 23 High School...
08/16/201515:41:23Straight Outta Universal: Hit After Hit
08/12/201520:00:32Movie Studio Offers to Pay for Security at 'Compton' Screenings
08/12/201512:00:00New Hands-On Video Experience at the Newseum Brings Civil Rights...
08/12/201510:10:07Hewlett-Packard Names Post-Breakup Board Members
08/11/201516:32:26Statement of Changes in Beneficial Ownership (4)

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