FCC mulling Sprint/Clearwire and Verizon/Alltel mergers - Possible completion by year-end
By Will Park on Monday, September 29th, 2008 at 9:04 PM PST In Alltel, Announcements, FCC, Financial, Partnerships, Sprint, Verizon
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. That’s good news for fans of WiMAX networks, as Sprint (NYSE: S)’s just-launched XOHM network will need Clearwire’s help in going nationwide by year’s end.
Sprint has been battling to get their merger approved in the face of opposition from AT&T and the Rural Cellular Association.
FCC Chairman Kevin Martin says that the agency will try to clear both the Sprint/Clearwire and Verizon (NYSE: VZ)/Alltel merger that have been in held up for regulatory approval for months.
[Via: InformationWeek]
