The FCC released a Form 603 summary Friday of the...

The FCC released a Form 603 summary Friday of the joint argument Cincinnati Bell, Grain and Verizon are making for commission approval of Cincinnati Bell’s planned sell-off of its wireless portfolio (http://bit.ly/TnKyi6). The sale involves six AWS-1 licenses, two personal communications service (PCS) licenses and one 700 MHz A-block license, for markets in southeastern Indiana, northern Kentucky and southern Ohio. Verizon’s spectrum in the covered counties will increase to between 107 MHz and 147 MHz, up from its current range of between 77 MHz and 107 MHz, the FCC said in its summary. The AWS-1, PCS and 700 MHz A-block licenses that Grain will gain in the deal will be the company’s first holdings in those bands in the Cincinnati area, the summary said. The parties claim neither Grain nor Verizon will hold spectrum in the area in excess of the FCC’s spectrum screen as a result of the deal. The parties claim the FCC should approve the deal because it would enable Grain, a minority-owned firm, to “expand its spectrum-based services and complement its existing business of owning and managing telecommunications infrastructure assets.” The parties also say the deal would provide Grain with additional capital through planned leases with Verizon, which in turn will allow Verizon to “meet the growing demands of customers,” the summary said.