FCC Should Block Verizon Purchase of Airwaves, N.J. Says
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U.S. regulators shouldn’t let Verizon Wireless buy airwaves from cable companies because the deal would eliminate possible competitors and enrich sellers that hoarded airwaves, a New Jersey state agency said.
A $3.6 billion spectrum purchase from companies led by Comcast Corp. and Time Warner Cable Inc. and a separate $315 million deal with Cox Communications Inc. aren’t “competitively benign,” the New Jersey Division of Rate Counsel said in a Feb. 17 filing with the Federal Communications Commission ahead of a deadline today for comments.