Federal regulators said today they needed more time to review Verizon's deal to acquire spectrum from the cable providers and cross-sell cable and wireless services.
The Federal Communications Commission extended the typical 180-day review period by 21 days to give it sufficient time to examine the reams of documents that were submitted late by Verizon and the cable companies. Opponents have lauded the FCC's move, claiming the agency has "stopped the clock" on the deal, signalling deeper concerns about the transaction. But the move only marks an extension, and not an actual pause, in the process. … Read more