T-Mobile, Verizon secure approval on wireless license sale

Deutsche Telekom's T-Mobile and US carrier Verizon Wireless have qualified to participate in an August sale of valuable wireless licenses, the Federal Communications Commission (FCC), quoted in a Reuters report, said.

The report said the firms were among 81 applications accepted by the agency to participate in the sale.

Another 171 applications were deemed incomplete and those potential bidders had until July 18 to address the issues, the report said.

The report said Cingular Wireless, the No. 1 US wireless carrier, was one of the bidders that failed to initially qualify, according to forms filed with the FCC.

The FCC was scheduled to begin auctioning the licenses for advanced wireless services on August 9 in a sale that analysts had said could raise between $8 billion and $15 billion, the report said.

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