Verizon Wireless Drops Challenge to FCC

VERIZON WIRELESS DROPS CHALLENGE TO FCC
[SOURCE: Associated Press]
Verizon Wireless abandoned its legal challenge Tuesday of the Federal Communications Commission's rules for its upcoming auction of radio spectrum, removing a potential obstacle to the much-anticipated sale. The U.S. Court of Appeals for the District of Columbia earlier rejected an attempt by Verizon Wireless to have its appeal considered on an expedited schedule so it could conclude before the auction begins in January. Verizon's filing to the court Tuesday cited this as the reason for its decision to drop the challenge. Legal experts had said that the company's challenge was unlikely to succeed because the courts generally defer to the FCC in rule-making procedures.
http://biz.yahoo.com/ap/071023/verizon_wireless_fcc.html?.v=1