Verizon Tells FCC Its $4B Spectrum Buy Won't Hurt Competition

Law360, New York (March 5, 2012, 5:50 PM EST) -- Verizon Communications Inc. on Friday defended its plans to snatch up wireless spectrum licenses from Comcast Corp. and others for about $3.9 billion, telling the Federal Communications Commission that such an endeavor would serve the public interest and wouldn’t stifle competition.

The telecommunications giant said in an FCC filing that by supplying additional spectrum capacity, Verizon could accommodate “customers’ rapidly growing data demands for broadband devices” like smartphones and tablets as well as bandwidth-intensive applications such as video streaming and cloud computing.

Moreover, the license assignments...
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