The Federal Communications Commission (“FCC”) has approved transfer applications assigning spectrum and AWS-1 licenses from Cox and SpectrumCo (a joint venture among Comcast, Time Warner Cable, and Bright House Networks) to Verizon Wireless. Additionally as part of the deal Verizon will swap spectrum with Leap and assign Advanced Wires Services (“AWS”)-1 licenses to T-Mobile.
Earlier this year the Department of Justice approved the deal on the condition that significant changes be made in order to prevent anti-completive and anti-consumer conduct.
The FCC’s order imposes certain conditions on Verizon. Specifically Verizon most:
- Complete its spectrum transfer with T-Mobile within 45 days of closing the SpectrumCo, Cox and Leap transactions.
- Must within three years offer AWS services to 30 percent of the population in the acquired service areas and 70 percent within seven years.
- Must provide roaming services in the acquired service areas for a minimum of five years.
- Must provide semi-annual reports regarding trends in DSL subscribership.
The full FCC order can be found here.