Verizon Wireless moved a step closer to obtaining additional airwaves needed to meet surging consumer demand for smartphones as U.S. lawmakers passed a measure that authorizes sales of wireless spectrum.
The airwaves auctions are part of a broad accord reached yesterday by House and Senate members to sustain a payroll tax cut. The sales would raise at least $15 billion for the U.S. Treasury, Representative Greg Walden, an Oregon Republican, said in an interview. Both houses of Congress approved the legislation today, sending it to President Barack Obama for his expected signature.
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