Verizon Hiding Info On $4B 'Cartel' Deal, Telecom Group Says

Law360, New York (May 10, 2012, 3:16 PM EDT) -- A telecommunications consumer group on Wednesday asked the Federal Communications Commission to require Verizon Wireless to divulge information on its $3.9 billion spectrum purchase deals, saying the company is withholding organizational details to evade cartel allegations.

Consumer advocate Public Knowledge said in a petition to the FCC that though Verizon’s agreements to purchase wireless spectrum from Comcast Corp., Time Warner Cable Inc. and others entitle the company to withhold certain confidential details of the transactions, Verizon should not be allowed to conceal structural details of its...
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