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Verizon Wireless to Pay $3.6B for Spectrum from SpectrumCo

Verizon wants MORE (spectrum)

Dec 2 2011, 12:38pm CST | by

10 Updates
Verizon Wireless to Pay $3.6B for Spectrum from SpectrumCo
 
 

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Verizon Wireless to Pay $3.6B for Spectrum from SpectrumCo

While AT&T goes after T-Mobile and the federal government fights back with a very tough investigation in whether or not AT&T should be allowed to finish the deal, Verizon is looking for spectrum through other sources. Verizon has announced that it has entered into an agreement with a joint venture called SpectrumCo LLC that will net Verizon 122 spectrum licenses for wireless services.

The SpectrumCo LLC company is a joint venture between Comcast, Time Warner, and Bright House Networks. Verizon will pay the venture $3.6 billion dollars and the money from the sale will go to the three firms in the joint venture based on ownership. Comcast will get $2.3 billion, Time Warner will get $1.1 billion and Bright House Networks will get about $189 million.

The deal is far from done though with the FCC in such an investigatory mood. Verizon will need the FCC's approval to complete the deal and as of now, there is no estimate on when the deal will be done. Presumably, Verizon will use the service to roll out more 4G networks, but Verizon is mum on just what its plans are for now.

 

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4 Firms In Iskandar Malaysia Get Facilitation Fund Totalling RM16.2 Million

Source: Malaysia Today

(Bernama) – Four companies have received the facilitation fund amounting to RM16.2 million from TERAJU@Iskandar Malaysia in an information sharing programme on business opportunities and ass ...
Source: Malaysia Today   Full article at: Malaysia Today 1 day ago, 7:42am CDT
 


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Selangor’s Watergate about to explode

Source: Malaysia Today

Anwar brought Wan Azmi to meet Khalid to try to resolve this matter. Anwar supports the RM2.5 billion claim but Khalid is stubbornly sticking to the figure of RM250 million.... REA ...
Source: Malaysia Today   Full article at: Malaysia Today 2 days ago, 4:12am CDT
 

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Update: 8

GLCs told to provide RM7 billion to develop Bumiputera firms

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(The Malaysian Insider) – Putrajaya has directed government-linked companies (GLC) to generate RM7 billion in business opportunities for Bumiputera firms this year, Prime Minister Prime Ministe ...
Source: Malaysia Today   Full article at: Malaysia Today Jul 17 2014, 2:05am CDT
 

Update: 7

Rafizi shows proof of Putrajaya’s hand in contentious carpet-trader loan

Source: Malaysia Today

Eileen Ng, The Malaysian Insider PKR lawmaker Rafizi Ramli today revealed documents to prove Putrajaya interfered in the RM32 million Bank Rakyat loan to ‎controversial businessman De ...
Source: Malaysia Today   Full article at: Malaysia Today Jul 16 2014, 2:16am CDT
 

Update: 6

PAS MP claims Bank Rakyat loaned carpet-trader RM215m, interest free

Source: Malaysia Today

(Malay Mail Online) – Controversial businessman Deepak Jaikishan (pic) was given a whopping RM215 million interest-free loan from state-owned Bank Rakyat, a PAS lawmaker alleged today, despite Putrajaya’s ...
Source: Malaysia Today   Full article at: Malaysia Today Jul 14 2014, 5:52am CDT
 

Update: 5

MRCB, Nusa Gapurna and PKNS settle suit over RM3 billion PJ Sentral project

Source: Malaysia Today

(The Malaysian Insider) – Malaysian Resources Corp Bhd (MRCB), Nusa Gapurna Development Sdn Bhd (NGD) and PKNS Holdings Sdn Bhd have reached an out-of-court settlement over ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 21 2014, 2:53am CDT
 

Update: 4

Story behind Syed Mokhtar’s ‘RM2.25 billion tax-exempt’ Bernas deal revealed, says PKR MP

Source: Malaysia Today

(The Malaysian Insider) – An innocuous written reply in Parliament has provided a peek into the cosy relationship between the Najib administration and Malaysia’s best-known businessman, Tan Sri Syed Mokhtar... READ MORE ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 15 2014, 12:56pm CDT
 

Update: 3

Constitutional monarchy still murky concept

Source: Malaysia Today

After the RM4.5 billion land sale, the Sultan of Johor secured a 15% stake in MOL Access Portal (MOL) for RM396 million and took a 20% stake in ...
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Sultan of Johor’s RM4.5 bil backlash?

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Update: 1

Putrajaya denies carpet dealer given interest-free loan

Source: Malaysia Today

Eileen Ng, The Malaysian Insider Putrajaya today refuted allegations that Bank Rakyat had allowed carpet dealer Deepak Jaikishan to repay a RM32 million loan without interest following intervention fro ...
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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

 

 

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