The FCC, acting at Verizon’s request, agreed to...

The FCC, acting at Verizon’s request, agreed to drop conditions imposed on various transactions involving Verizon Wireless due to Verizon Wireless’s then-partial foreign ownership by the U.K.’s Vodafone. Verizon had told the FCC the conditions were no longer relevant since Verizon now owns all of its wireless subsidiary. The agency agreed “that a material change in circumstance has occurred and that the basis for these conditions no longer exists,” said a Wednesday order from the Wireless and International bureaus (http://bit.ly/1BA7klV). In February, Verizon completed a $150 billion deal to buy out Vodafone’s 45 percent of Verizon Wireless.