FCC positive about approving the Verizon-Alltel deal by year-end (USA)
FCC, the US telecom regulator, said it will be completing the review of two major telcos tie-ups before before year end. FCC, is presently, studying Verizon’s proposed USD28 billion acquisition of Alltel and is also looking at the planned WiMAX joint venture between Sprint Nextel and Clearwire. If it recives the approval, the Verizon-Alltel deal will create the nation’s largest cellular operator, with nearly 82 million subscribers by June-end.
On the other hand, print and Clearwire are deploying separate mobile WiMAX networks in major cities but plan to create an umbrella company which will be able to provide a nationwide wireless broadband service.
