Verizon/SpectrumCo. Deal on Thursday Track8/22/2012 6:33 PM Eastern
The latest word on the FCC's release of the Verizon/SpectrumCo order, which has already been approved by a 5-0 vote, is that it will be released on Thursday.
The commission is okaying Verizon's proposed purchase of $3.9 billion worth of spectrum from cable operators Comcast, Time Warner Cable, Cox and Bright House Networks, as well as from Leap Wireless.
The order also approves Verizon's deal to spin off some of that spectrum to T-Mobile and in fact makes that spin-off a condition of the deal.