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Stock impact report

A New FCC Rule Could Force Carriers To Unlock Phones After 60 Days [CNET News]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: CNET News
In a new proposal , FCC Chairwoman Jessica Rosenworcel is making a push that mobile providers will need to unlock phones "within 60 days of activation." "New unlocking rules would allow consumers the freedom to take their existing phones and switch from one mobile wireless service provider to another more easily, as long as the consumer's phone is compatible with the new provider's wireless network," says a press release announcing the proposal The issue will come up at the agency's July 18 "Open Meeting" where the group will take a vote on the new set of unlocking rules, as well as discuss and seek comments on whether the new unlocking rules should apply to existing contracts and if the changes might impact the deals carriers give on new devices to lock them into service. "Real competition benefits from transparency and consistency," Rosenworcel said in the press release. "That is why we are proposing clear, nationwide mobile phone unlocking rules. When you buy a phone, you sho Show less Read more
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