FCC Blesses SpectrumCo-Verizon Deal

The FCC has concluded its review of the Verizon Wireless-SpectrumCo deal and approved four spectrum transfer applications involving Verizon Wireless, subject to a number of binding commitments and conditions. The applications include, among other things, 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' net assignment of AWS-1 licenses to T-Mobile.