jetBlueNYFL
May 1, 06, 4:09 pm
Updated:2006-05-01 14:17:46
Verizon, JetBlue OK'd To Bid in May Spectrum Auction
Dow Jones
WASHINGTON -(Dow Jones)- Verizon Airfone Inc. and a JetBlue Airways Corp. ( JBLU) unit are among nine companies approved to bid for licenses to provide high-capacity, in-flight Internet service, the Federal Communications Commission announced on Monday.
The auction will occur on May 10. It will be conducted in four rounds, with results available 10 minutes after the close of each round, the government said.
Other firms approved to bid in the auction are AC BidCo LLC, associated with private-equity firm Ripplewood Holdings LLC, and a handful that are applying for small-business discounts.
Verizon Airfone is a unit of Verizon Communications Inc. (VZ).
-By Siobhan Hughes, Dow Jones Newswires; 202-862-6654; Siobhan.Hughes@ dowjones.com
(END) Dow Jones Newswires 05-01-061328ET Copyright (c) 2006 Dow Jones & Company, Inc.
Copyright (C) 2006 Dow Jones & Company, Inc. All Rights Reserved.
2006-05-01 13:28 -04
Verizon, JetBlue OK'd To Bid in May Spectrum Auction
Dow Jones
WASHINGTON -(Dow Jones)- Verizon Airfone Inc. and a JetBlue Airways Corp. ( JBLU) unit are among nine companies approved to bid for licenses to provide high-capacity, in-flight Internet service, the Federal Communications Commission announced on Monday.
The auction will occur on May 10. It will be conducted in four rounds, with results available 10 minutes after the close of each round, the government said.
Other firms approved to bid in the auction are AC BidCo LLC, associated with private-equity firm Ripplewood Holdings LLC, and a handful that are applying for small-business discounts.
Verizon Airfone is a unit of Verizon Communications Inc. (VZ).
-By Siobhan Hughes, Dow Jones Newswires; 202-862-6654; Siobhan.Hughes@ dowjones.com
(END) Dow Jones Newswires 05-01-061328ET Copyright (c) 2006 Dow Jones & Company, Inc.
Copyright (C) 2006 Dow Jones & Company, Inc. All Rights Reserved.
2006-05-01 13:28 -04