Verizon crying foul over spectrum swap

There are three things you can count on in life: taxes, death and baby bells being sore losers. RCR Wireless News reports that “Verizon Wireless has sent a blistering letter to the Federal Communications Commission charging that the FCC is illegally negotiating with Nextel Communications Inc. regarding a key portion of the FCC’s plan to solve public-safety interference in the 800 MHz band.” Verizon says that FCC met secretly with Nextel while negotiating the big spectrum swap. VZ is presenting an analyst note from investment house, Legg Mason as evidence. Apparently, “an investor note released by Legg Mason Sept. 9, which reportedly says Nextel is attempting to reduce its payment by $600 million to $700 million.”


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