FCC to vote on wireless deals next month

20 Oct 2008

The Federal Communications Commission (FCC) will vote on Verizon Wireless’ proposed USD28.1 billion buyout of smaller rival Alltel at a meeting on 4 November. The regulator’s chairman, Kevin Martin, has revealed that he will give his approval to the deal if Verizon agrees to divest wireless spectrum in five more markets on top of the 100 markets where it has already agreed to offload assets. If approved, the deal will create the largest cellular operator in the US in terms of subscribers, with more than 82 million customers nationwide. The FCC is also expected to debate the proposed WiMAX tie-up between Sprint and Clearwire at the same 4 November meeting.

United States, Alltel Corporation, Clearwire, Federal Communications Commission (FCC), Sprint Corporation (now part of T-Mobile US), Verizon Wireless