Outside the United States, The EC (European Commission), the regulatory authority of the European Union, recently announced that its decision on the proposed merger between Qualcomm Inc. Earlier, the EC had twice halted its review of the deal -- once in June and again in August.Initially, Qualcomm had anticipated that the buyout deal would be closed by the end of 2017. Read the last Telecom Stock Roundup for Nov 16, 2017. In a historic decision, the FCC had approved Net Neutrality rules, on Feb 26, 2015, after a majority vote.Ajit Pai, a staunch Net Neutrality opponent, has always maintained his view that consumers would be worse under Net Neutrality and should expect their bills to go up along with slow broadband speed.(Read more: FCC Plans to Abandon Net Neutrality -- Major Boon for ISPs)2.The deal is a follow up of Verizon’s previous contract with NFL, which allowed streaming in devices with screens of 7 inches or less. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Moreover, Verizon has come up with a range of wireline and wireless offers for Thanksgiving shoppers.There is little doubt that if the FCC repeals Net Neutrality laws, the ISP (Internet Service Provider) industry will be a major beneficiary. It will also act as a stumbling block for the development of online video.The telecom and pay-TV behemoth has decided to challenge the DOJ lawsuit in the court within the stipulated 60 day time period.
However, the voting pattern was clearly divided along party lines, as three Democrat representatives voted in favor of Net Neutrality, while the Republican representatives opposed it.While Disney owns American Broadcasting Company television network, Comcast owns NBC Universal.(Read more: Are Comcast and Verizon Eyeing 21st Century Fox's Assets? The partnership between Verizon and AT&T implies that the biggest U. wireless carriers are willing to strike deals with other vendors to secure prices for towers.The DOJ has asked AT&T to either divest it DIRECTV division or Turner Broadcasting assets including CNN. (Read more: AT&T Faces Do J Lawsuit for Time Warner Bid: What Next? Per recent news, Comcast was in talks with Twenty-First Century Fox to acquire the mass media company’s assets.Verizon also approached Twenty-First Century Fox about potential acquisitions. However, according to domestic regulations, no company can own two broadcast networks at the same time.
Moreover, carriers are always looking for alternative partners to reduce their dependence on specific customer base, thanks to the already saturated domestic wireless market.