FCC Approves Verizon Wireless Spectrum License Assignment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
The FCC released an Order approving the applications of Verizon Wireless (VZ) and United States Cellular Corporation (AD) for consent to assign certain spectrum licenses to Verizon Wireless."In this Memorandum Opinion and Order, we grant the applications filed by Cellco Partnership, doing business as Verizon Wireless (Verizon Wireless), and Array Digital Infrastructure Inc (Array) (formerly known as United States Cellular Corporation or UScellular) (Verizon Wireless and Array together, the Applicants), seeking Commission consent to assign several cellular, AWS-1, AWS-3, and PCS licenses from subsidiaries of Array to Verizon Wireless," the FCC order reads. "We find that granting these applications serves the public interest. The proposed spectrum assignment does not trigger the Commission's total spectrum screen, and while it triggers enhanced factor review in 98 local markets, we find, based on our careful evaluation, that the likelihood of competitive harm is low. We also find that the transaction would result in certain public interest benefits, including enhancing Verizon Wireless's network coverage, capacity, and performance, resulting in a stronger ability to meet increasing customer demand and provide a better customer experience. Approval of this transaction, combined with upcoming mid-band auctions and recent approval of other transactions, continues this agency's efforts to make additional spectrum available to facilities-based providers with the incentive and ability to build networks that benefit American consumers."
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Analyst Views on VZ
Wall Street analysts forecast VZ stock price to fall
14 Analyst Rating
4 Buy
10 Hold
0 Sell
Moderate Buy
Current: 47.060
Low
43.00
Averages
46.42
High
51.00
Current: 47.060
Low
43.00
Averages
46.42
High
51.00
About VZ
Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, technology, information and streaming products and services to consumers, businesses and government entities. Its Consumer segment provides wireless and wireline communications services. It also provides fixed wireless access (FWA) broadband through its 5G or 4G Long-Term Evolution (LTE) networks portfolio. The Company's Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and advanced communication services, corporate networking solutions, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things (IoT) services and products. It provides these products and services to businesses, public sector customers and wireless and wireline carriers across the U.S. and a subset of these products and services to customers around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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