T-Mobile, Sprint Call On FCC To Slow Verizon Spectrum Bid Review
March 06 2012 - 1:13PM
Dow Jones News
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
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