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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
01/22/201523:07:25Comcast-Time Warner Cable Deal Faces Scrutiny -- Market Talk
01/22/201523:07:07Market Worries About Completion of Comcast-Time Warner Cable...
01/22/201523:07:07Comcast Raises Concerns about Obama's Internet Proposal -- Market...
01/22/201523:00:25Comcast's Lobbying Machine Faces Test in Washington
01/08/201520:06:03Telecom Industry Readies for a Net-Neutrality Fight
01/06/201516:41:11Home-Video Revenue Fell 1.8% in 2014
01/05/201515:40:11Dish Network Unveils Web Video Service Sling TV
01/05/201515:31:28Dish Network Unveils Web Video Service Sling TV--Update
01/04/201516:19:43Hollywood Tries to Forget Rough 2014
01/01/201512:14:21To Last, M&A Boom Needs to Broaden
12/29/201420:29:12Liberty Media CEO Maffei Gets Contract Extension -- Update
12/29/201420:27:20Liberty Media CEO Maffei Gets Contract Extension
12/23/201407:04:40MARKET SNAPSHOT: U.S. Stocks: Futures Up As Dow Eyes 1,800
12/22/201420:54:34Macy's Leads Ranking of Top 20 Finance Chiefs
12/22/201418:46:46Comcast-TWC Merger Review Delayed for Documents
12/09/201415:45:23Comcast Posts Stronger Results for Business Pegged for Spinoff
11/21/201413:58:34Appeals Court Grants TV Programmers Stay in FCC Dispute -- Update
11/21/201413:21:14TV-Streaming Firm Aereo Files for Bankruptcy -- 2nd Update
11/21/201413:10:09Federal Appeals Court Grants TV Programmers Stay in FCC Dispute
11/21/201408:46:13TV-Streaming Firm Aereo Files for Bankruptcy

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