Verizon/Straight Path Settlement Paid

The FCC has announced that Straight Path and Verizon have paid a civil penalty of $614,300,000 to the U.S. Treasury in connection with the settlement reached in the January 2017 Consent Decree. As you may recall, the settlement resolved an investigation into allegations that Straight Path failed to use its spectrum and thus violated the Commission’s buildout and discontinuance rules in connection with approximately 1,000 licenses in certain millimeter wave spectrum bands. Pursuant to the Consent Decree, Straight Path was required to sell its licenses and remit 20% of the overall proceeds of the transaction to the U.S. Treasury. Straight Path chose to sell its licenses to Verizon and the transaction was approved on January 18, 2018.

Please Contact Us if you have any questions.

Recent Posts

FCC Forms 502/499-Q Due Aug. 1

This client alert is a reminder that both the Numbering Resource Utilization/Forecast Report (“NRUF”) Form 502 and FCC Form 499-Q must be submitted on or

Read More

July 12, 2024 Weekly Wireless Wrap-Up

Good afternoon from Washington, DC!  Below you will find this week’s Wireless Wrap-Up; your update on the wireless telecommunications regulatory landscape, important wireless decisions, and

Read More