Sprint and DirecTV seek delay of Verizon cable deal review

25 Apr 2012

A number of companies, public interest groups and trade organisations have asked the FCC to suspend their 180-day deadline for reviewing a proposed deal between Verizon Wireless and several cablecos. Verizon Wireless hopes to buy USD3.9 billion worth of wireless spectrum from cable operators including Comcast and Time Warner Cable, while in exchange the cablecos would be allowed to resell Verizon’s mobile services. The FCC is expected to rule on the deal within approximately the next 85 days, but Sprint Nextel and DirecTV, among others, have called on the watchdog to delay the ruling, saying that they need more time to study the deal in order to gauge its likely impact.