Washington, DC - Aug 23, 2012 - The Federal Communications Commission has concluded its review of the Verizon Wireless-SpectrumCo deal and approved four significant spectrum transfer applications involving Verizon Wireless, subject to a number of binding commitments and conditions. The applications include the assignment of AWS-1 licenses held by Cox and SpectrumCo (a joint venture among subsidiaries of Comcast, Time Warner Cable and Bright House Networks) to Verizon Wireless; a spectrum "swap" between Verizon Wireless and Leap; and Verizon Wireless's net assignment of AWS-1 licenses to T-Mobile.
To address staff concerns regarding spectrum concentration, Verizon Wireless undertook a divestiture of spectrum to competitor T-Mobile. In addition, the Commission's order includes enforceable commitments from Verizon Wireless to accelerate buildout of its newly acquired spectrum, as well as to offer data roaming on commercially reasonable terms and conditions:
■ Verizon Wireless must close its proposed spectrum transfer with T-Mobile within 45 days of its closing of the SpectrumCo, Cox, and Leap transactions.
■ Within three years, Verizon Wireless will provide signal coverage and offer service to at least 30 percent of the total population in the Economic Areas or the portions of Economic Areas in which it is acquiring AWS-1 license authorizations.
■ Within seven years, Verizon Wireless will provide signal coverage and offer service to at least 70 percent of the population in each Economic Area in which it is acquiring AWS-1 license authorizations.