The FCC asked for comment on Cincinnati Bell’s...
The FCC asked for comment on Cincinnati Bell’s proposed sale of its spectrum licenses in a complex deal involving Grain and Verizon. The transaction covers six AWS-1 licenses, two personal communications service (PCS) licenses and a single 700 MHz A-block…
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license. The licenses would be sold to Grain, which would then transfer or lease the spectrum to Verizon. Grain in turn would pick up an AWS-1 license from Verizon. “According to the Applicants, these proposed license assignments and long-term spectrum leasing arrangements follow the decision by Cincinnati Bell Wireless to exit the wireless marketplace,” the FCC said in a Wednesday public notice (http://bit.ly/1mZtJVJ). “According to the Applicants, the proposed transaction would allow Verizon Wireless to obtain additional spectrum capacity to meet growing customer demand for wireless broadband services and allow for contiguous spectrum both in larger blocks and more aligned with spectrum it holds in adjacent markets.” Last month, Cincinnati Bell unveiled plans to sell off its spectrum licenses as it exits the wireless business for $210 million (http://bit.ly/1lRqMDL). Petitions to deny are due June 20, oppositions June 30 and replies July 8, under the pleading cycle established.