CCA Implores FCC to Block Verizon/Straight Path Deal

The Competitive Carriers Association objects to the proposed transfer of millimeter wave spectrum from Straight Path Communications to Verizon as part of a proposed all-stock transaction the parties value at just over $3 billion. The telcos seek permission to transfer the control of Local Multipoint Distribution Service, 39 GHz, 3650-3700 MHz, and common carrier fixed point to point microwave licenses from Straight Path to Verizon. The FCC’s preliminary review indicates once the deal closes, Verizon would have 100 MHz to 1650 MHz of spectrum in total, in the 28 GHz and 39 GHz millimeter wave bands across the U.S.



“If approved, the transaction would consolidate enormous amounts of mmW spectrum into the hands of Verizon and would exceed the FCC’s spectrum screen in key local markets,” said CCA in a Petition to Deny, filed with the agency. CCA wants the Commission to block the application and instead make Straight Path’s licenses available to all carriers through competitive bidding. Verizon has told the FCC its post-transaction look at “marketplace developments and competitive circumstances reveals no risk to competition.” Continue Reading