Seeking Alpha

Sprint gains; FCC to restrict AT&T/Verizon's 2015 spectrum purchases

  • The FCC has voted 3-2 to restrict how much spectrum AT&T (T +0.2%) and Verizon (VZ -0.2%) can buy in next year's huge low-frequency spectrum auctions.
  • Sprint (S +3.4%) and T-Mobile (TMUS +1.9%) have both lobbied aggressively for restrictions to be placed on AT&T/Verizon, who between them have a huge share of low-frequency mobile spectrum (better for rural/in-building coverage).
  • The decision shortly follows a similar vote in favor of chairman Tom Wheeler's net neutrality proposal - it doesn't prohibit pay-for-priority deals with content providers, but does seek comment on whether they should be banned, as well as on whether other neutrality regulations should be imposed.
  • The FCC is also set to vote on a spectrum cap rule change for vetting mergers/acquisitions. Sprint and T-Mobile are hoping that one doesn't pass.
Comments (1)
  • MSF INVESTMENTS
    , contributor
    Comments (4016) | Send Message
     
    $25.00 IN 2014.

     

    Lahiem
    15 May, 03:27 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|