Good news for non-WTO investors that want a piece of the U.S. wireless action: They now will be treated the same as WTO members. At its open meeting earlier today, the FCC streamlined its policies and procedures for reviewing foreign ownership of U.S. companies with common-carrier wireless licenses and certain aeronautical radio licenses. The commish says the changes cited in the Foreign Ownership Second Report and Order (FCC 13-50) “will reduce the number of hours that applicants and licensees spend in preparing and submitting required filings, while ensuring the Commission continues to receive the information it needs to fulfill its public interest obligations.” In addition, the R&O reduces costs and ratchets “transparency and predictability” in foreign-ownership filing requirements. The big takeaway is that new review-process rules also make it easier for foreign investors to hike their U.S. wireless stakes in the future.

The Daily

Subscribe
Friday–December 13

FCC Launches Update to Broadband Health Map

The FCC updated its Mapping Broadband Health in America platform Friday to include new variables to better examine maternal health. Now, the platform allows users to visualize and survey

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Apr 16
Cablefax 100 Awards Nominations Open November 13th, 2024.
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Carley Ashley, [email protected], for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.