Regulatory reviews of mergers and acquisitions aren't expected to face major COVID-19-related slowdowns despite FTC suspension of early terminations (see 2003130075) or DOJ Antitrust Division announcing it will seek extra time to complete its review work and leaving the door open to extending that timeline further, experts told us. Few deals necessitate second information requests by DOJ and that extra time won't materially change how transactions play out, said Holland & Knight antitrust lawyer David Kully, former chief of the DOJ radio and TV M&A section.
Senate leaders looked ahead Wednesday to plans for a third funding package aimed at economic losses and a possible recession caused by the COVID-19 pandemic. The chamber approved the House-passed Families First Coronavirus Response Act (HR-6201) on a 90-8 vote, sending it to President Donald Trump for signature. Senate Minority Leader Chuck Schumer, D-N.Y., continued his push for any additional funding legislation to also address pandemic-related infrastructure issues, including broadband capacity and distance learning resources (see 2003170014).
Keeping 911 call takers safe is critical to maintaining emergency call systems during the U.S. COVID-19 outbreak, said stakeholders in interviews this week. APCO, the National Emergency Number Association and National Association of State 911 Administrators (NASNA) leaders are less worried about a potential surge in calls as there might be in a hurricane. Wider deployment of next-generation 911 would give call takers and responders more flexibility, they said.
Some communications stakeholders are on board with calls to halt retransmission consent blackouts for the next 60 days during the COVID-19 pandemic. Tuesday, FCC Chairman Ajit Pai made such a request, and ACA Connects quickly endorsed it. NAB CEO Gordon Smith in Q&A with us Wednesday made a similar request and supported broadcasters doing their part. After he spoke, some cable operators made similar comments.
Broadcasters having satellite phones on hand and pressing more stations to sign up for the FCC's disaster information reporting system are among items the FCC Communications Security, Reliability and Interoperability Council is considering for dealing with emergencies. CSRIC adopted two working group reports Tuesday, one on broadcaster best practices and one on 911 interoperability in the transition from legacy to IP-based networks. The approved reports weren't posted Tuesday.
The rapid escalation in the number of confirmed U.S. cases of COVID-19 Tuesday continued turning life topsy-turvy for millions in various sectors, including telecom and consumer electronics. New Centers for Disease Control and Prevention guidance urging Americans to avoid crowds larger than 10 people was making telework the new normal and sending more events and functions to the virtual domain.
The coronavirus pandemic could have contradictory effects on European telecom providers, officials said in recent interviews. Demand may rise as people increasingly work from home. or fall from customers who lose their jobs or get COVID-19. European telcos said their supply chain hasn't been affected. U.K. ISPs said they can handle increased usage. Authorities said EU privacy rules must still be followed.
Sprint temporarily closed 71% of its retail locations and cut back store hours in those remaining open, in response to the spread of COVID-19, it said Tuesday. New store hours are Monday-Saturday, 11 a.m.-6 p.m. and noon-5 p.m. Sunday.
Advertisers raised the specter of litigation Tuesday as a Maryland digital tax bill neared final passage. Maryland state senators amended a smoking tax bill (HB-732) Monday to include the text of SB-2 that would impose taxes on annual gross revenue from digital ad services, ranging from 2.5% to 10%, for companies exceeding $100 million annual revenue. A New York state senator proposed a similar bill there on Friday.
FCC plans to vote in April to allow Wi-Fi to share the 6 GHz band (see 2003050058) are in doubt because of complications from the coronavirus, Commissioners Mike O’Rielly and Jessica Rosenworcel said during a New America teleconference Tuesday. Most FCC staffers have been telecommuting since last week.