The FCC is on the verge of approving AT&T's proposed buyout of rural frequencies from Verizon, leaks from within the deal said today. FCC Chairman Julius Genachowski has reportedly already passed a request that the other four commissioners approve the deal before they formally vote on the deal in the next few weeks. AT&T would be paying almost $2.4 billion for airwaves that Verizon has to abandon for its acquisition of Alltel to remain intact.
