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  • Verizon prompted by FCC to divest 105 markets before gobbling Alltel

    Verizon Wireless, the joint wireless venture from Verizon and Vodafone, is poised to become the largest wireless carrier in the US. Once the company finalizes a deal to acquire Alltel, Verizon will supplant AT&T as the largest carrier, by subscriber count. Verizon has been given the greenlight to acquire Alltel from the US DoJ and [...]

  • FCC allows Verizon to buy Alltel – the new largest US mobile carrier is almost here

    One of the main conditions for Verizon to complete the Alltel acquisition is, obviously, the approval of the Federal Communications Commission. Or, better say, this was a condition, because today the FCC said “yes” to Alltel’s buyout by North America’s second largest mobile carrier. The FCC has imposed some conditions to Verizon though. For example, the [...]

  • FCC gives Verizon/Alltel buyout the greenlight

    It’s been nearly five months since Verizon announced their plans to buy out Alltel, but they’ve finally leaped the last hurdle. Just minutes ago, the FCC signed off on the $28.1 billion dollar deal (Verizon is paying $5.9 billion, and assuming $22.2 billion of Alltel’s debt.) The FCC’s stamp of approval doesn’t come without strings attached, [...]
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  • Deutsche Telekom found to own too much of T-Mobile USA, paperwork likely in order

    Filed under: T-Mobile , Misc Tsk, tsk, Deutsche Telekom -- there you go making trouble again . After the FCC took a good, hard look at the prospective Verizon-Alltel merger , it also took a peek at foreign-controlled assets in other wireless phone companies. What it found was that Deutsche Telekom AG actually owns 10% more than the US legal limit of T-Mobile USA; as it stands, DT has a "30%, non-controlling interest in a common carrier license," while the limit here for such a scenario is 20%. The company has 30 days to respond with how it plans to come into compliance, but reports are suggesting that simple reshuffling / paperwork could probably clear things up. If only life were so easy for the rest of us, huh? [Via phonescoop ] Deutsche Telekom found to own too much of T-Mobile USA, paperwork likely in order originally appeared on Engadget Mobile on Tue, 04 Nov 2008 04:02:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

  • FCC mulling Sprint/Clearwire and Verizon/Alltel mergers - Possible completion by year-end

    There’s nothing like a little election season rush to light the fires under bureaucratic feet. Rather than take their sweet time in reviewing the Sprint/Clearwire and Verizon/Alltel wireless mergers (like they usually do), the FCC has announced that they are fast-tracking the review process and hopes to have decisions ready by the end of 2008. [...]

  • FCC working to approve Sprint / Clearwire and Verizon / Alltel mergers by the end of the year

    Filed under: Alltel , Sprint , Verizon Wireless The FCC doesn't exactly have a track record of swiftness when it comes to reviewing mergers , but it looks like that little election thing might have lit a couple grey suits on fire -- FCC chairman Kevin Martin says that the agency is aiming to finish looking over the Sprint / Clearwire and Verizon / Alltel deals by the end of the year. That's right before a new administration takes over and potentially gums up the process, so we're guessing it'll be approvals all around, since rejecting the bids would result in some fun lawsuits for everyone, but we'll see how things shake out. Read | Permalink | Email this | Comments

  • Leap wants FCC to stop Verizon's Alltel buy

    Filed under: Alltel , Verizon Wireless Citing concerns over competition (or lack thereof), Leap Wireless has formally asked the FCC to ixnay on the urchasepay of Alltel by Verizon. The argument's a pretty well-worn one at this point, focusing on roaming agreements that the regional carrier relies on to let its customers go about their business when outside the reach of Leap towers and the concern that the merger will lead to the collapse of some of those agreements. In Leap's case, dead roaming agreements quickly lead to coverage gaps and a significantly impaired ability to do competitive business. Though the FCC is forcing a number of concessions to preserve competition in the wake of a merger, Leap clearly doesn't think it's going far enough; indeed, Verizon's promise to honor existing roaming agreements after the merger goes through is nothing more than a promise at this point, and not an explicit part of the conditions that the FCC is demanding. The proposed acquisition has built up a ton of steam and is widely expected to breeze through the regulatory process anyway, so Leap's move might be largely symbolic -- but at least they've got their customers' best interests in mind here. [Via MobileBurn ] Read | Permalink | Email this | Comments

  • Leap moves to block Verizon-Alltel merger

    It’s not just AT&T and the Rural Cellular Association that are asking the FCC to help muck-up competing wireless carriers’ merger deals. Leap Wireless has asked the FCC to block the $28.1 billion Verizon-Alltel merger deal that would have Verizon becoming the top wireless provider in the US. The merger between Sprint and Clearwire would give [...]

  • FCC shows HTC NEON 400 - CDMA HTC Touch Dual on the way?

    The CDMA market isn't exactly HTC's bread-and-butter market, what with GSM handsets being the way to go for most of the developed world, but that doesn't mean the Taiwanese smartphone maker isn't going to give the US some touchscreen Windows Mobile love. Spotted hanging out with the FCC's laboratory engineers, the HTC NEON400 hints at [...]

  • DoJ requiring Verizon Wireless to divest assets prior to Rural Cellular Corporation acquisition

    Verizon seems to be snatching up wireless assets and infrastructure faster than a fat kid inhaling Ding-Dongs (remember those?). Following on the No. 2 US wireless carrier's announcement that they'll be gobbling up Alltel's subscriber base, Verizon is poised to finalize their acquisition of Rural Cellular Corp.'s Unicel network. But, before Verizon can proceed with the [...]

  • Dobson buyout given thumbs-up by FCC

    Filed under: Alltel , Misc That $2.8 million buyout involing AT&T and Dobson Communications has finally been okayed by the almight Federal Communications Comission. Nearly a month after the Justice Department gave its nod of approval to the sale, the FCC has also given a thumbs-up to the idea and thrown in a few stipulations to boot. In green-lighting the transfer of licenses from Dobson to AT&T, the agency found that "likely public interest benefits of the merger outweigh any potential public interest harms except in four markets in Kentucky, Oklahoma and Texas." Aside from that minor hitch, everything else looks to be a-okay for AT&T to snap up most of Dobson's 1.6 million subscribers. [Via RCRNews , thanks to everyone who sent this in] Read | Permalink | Email this | Linking Blogs | Comments
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  • Alltel gets bought FCC approval for private acquisition deal worth $24.7 Billion

    Alltel’s sure been doing well for itself recently. Following on Alltel’s recent announcement of increased growth and profits, the FCC has given Alltel the thumbs-up to proceed with a $24.7 billion buy-out deal. Private equity firms TPG Capital and GS Capital Partners are set to cough up the serious dough to take Alltel off the public market. The deal will net shareholders $71.50 per share (seeing as how they will no longer own any shares), and should be closed by November 22. There’s just one stipulation (there always is). The FCC doesn’t see this deal as an affront to telecom competition because the acquisition should spur development and deployment of new technologies - and has decreed that Alltel only receive a portion of the $24.7B until certain reforms are enacted by Alltel. Alltel could be poised to take the US rural markets by storm. With a huge cash infusion like this, we can’t wait to see what Alltel does in the coming months. [Via: MocoNews ] ---Related Articles at IntoMobile:Private Investment Firms Buy-Out Alltel for $27.5 BillionAlltel Buyout Questioned, Facing Three LawsuitsAT&T snatches up high-speed wireless frequency spectrum for $2.5 billionAlltel and MetroPCS gun for 700Mhz spectrum; Newly opened spectrum to be auctioned soonNokia N75 gets FCC approval
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