Most Read: Business

DJIA
0.15%
S&P 500
0.13%
NASDAQ
0.21%
 Last Update: 11:52 PM 09/17/2014

World Markets from      

 

Other Market Data from      

 

Key Rates from      

 

Blog Contributors

Timothy B. Lee

Timothy B. Lee

Timothy B. Lee covers technology policy, including copyright and patent law, telecom regulation, privacy, and free speech. He also writes about the economics of technology. He has previously written for Ars Technica and Forbes. You can follow him on Twitter or send him email.

Brian Fung

Brian Fung

Brian Fung covers technology for The Washington Post, focusing on electronic privacy, national security, digital politics and the Internet that binds it all together. He was previously the technology correspondent for National Journal and an associate editor at the Atlantic. His writing has also appeared in Foreign Policy, Talking Points Memo, the American Prospect and Nonprofit Quarterly. Follow Brian on Google+ .

Andrea Peterson

Andrea Peterson

Andrea Peterson covers technology policy for The Washington Post, with an emphasis on cybersecurity, consumer privacy, transparency, surveillance and open government. She also delves into the societal impacts of technology access and how innovation is intertwined with cultural development.

Post Tech
About / Where's Post I.T.?   |    Twitter  |   On Facebook  |  RSS RSS Feed  |  E-Mail Cecilia
Posted at 05:38 PM ET, 05/01/2012

FCC delays Verizon bid for spectrum from cable firms

The Federal Communications Commission on Tuesday delayed its review of Verizon’s $3.6 billion bid for airwaves from cable companies, saying the investigation is being held back because the companies were late in submitting requested paperwork.

The delay, which appeared procedural, will stop what is known as an informal 180-days “shot clock” by three weeks, the FCC said in an order.

On Monday, the companies told the FCC it would make documents searchable to the public, which would appease critics of the deal who have asked for access to corporate documents.

“Assuming the adequacy of the current productions in response to the requests, we do not anticipate further extension of the 180-day period,” the FCC sad in its order.

The delay puts back Verizon’s ambition to close its deal by the middle of July. The company is bidding for AWS spectrum from Comcast, Bright House, Cox and Time Warner Cable it wants to use to beef up its LTE 4G network.

Past deals have been delayed by the FCC, including Comcast’s joint venture with NBC Universal and AT&T’s failed bid for T-Mobile. The spectrum purchase is expected to be approved with some conditions, analysts project.

But less clear is the companies’ joint-marketing deal that would allow Verizon Wireless to sell cable services. That arrangement bothers public interest groups who say Verizon may be less inclined to promote its competing FiOs broadband and paid TV service as a competitor to cable.

The FCC and Justice Department are reviewing the spectrum sale and marketing venture.

Related:

Lawmaker criticize Verizon’s deal with cable

By  |  05:38 PM ET, 05/01/2012

 
Read what others are saying
     

    © 2011 The Washington Post Company