Wiley’s Telecom, Media & Technology (TMT) Practice has handled hundreds of mergers, acquisitions, divestitures, joint ventures, and other transactions involving telecom and media licenses before numerous federal, state, and international regulatory bodies, including the Federal Communications Commission (FCC), the National Telecommunications and Information Administration (NTIA), the National Oceanic and Atmospheric Administration (NOAA) and the International Telecommunication Union (ITU). Our clients have run the gamut from Fortune 500 companies to technology startups. Members of the TMT Practice are experienced in structuring transactions to meet regulatory requirements and to facilitate the timely receipt of regulatory approvals. Our attorneys are skilled in preparing and filing any required license transfer applications, as well as structuring and executing an advocacy strategy to expedite grant of necessary federal and state authorizations.
Since its founding more than 30 years ago, Wiley has been at the center of most large and transformative telecom and media transactions in the United States. The TMT Group has unparalleled transactional experience, representing clients–most of them top brands in their specific industry space–with complex transactions involving large- and small-scale mergers and acquisitions, asset and stock sales, strategic alliances and collaborations, services arrangements, restructurings, and leveraged buyouts. We also regularly counsel telecom and media industry lenders, investors, and borrowers on FCC matters and other regulatory issues affecting financing arrangements, debt and equity offerings, bankruptcies, workouts, and foreclosures.
In the wireless area, we have been intimately involved in the regulatory regime governing the mobile ecosystem, from the very first comparative hearings for cellular radio licenses to the spectrum that will support 5G services. Wiley attorneys supported the transactions rolling up the initial cellular licenses to create nationwide carriers and have participated in every auction involving spectrum suitable for Commercial Mobile Radio Services, as well as in the secondary market activity following such auctions. We have worked on transactions of every permutation, including those involving divestitures and spinoffs, spectrum swaps, infrastructure sharing, bankruptcies and restructurings, and the use of trusts and receivers.
On the media side, Wiley has one of the largest and most successful practices in the country, representing clients across the entire media spectrum, including radio and television broadcasting, multichannel video, print, digital technologies, online communications, and direct broadcast satellite services. Our attorneys are highly skilled in due diligence and assessing the risks and opportunities presented in a transaction, and routinely represent both buyers and sellers in a wide range of media-related mergers and acquisitions. In addition to negotiating purchase and sale agreements, and filing and prosecuting license transfer applications with the FCC, we counsel media industry clients in connection with loans, equity investments, and financings.
Where foreign ownership interests are involved, our attorneys have extensive experience shepherding clients through any applicable national security review and, in the event that agencies identify potential concerns, negotiating National Security Agreements or Letters of Assurance describing practices and procedures the client will adhere to in order to mitigate the concerns.
Our capabilities include:
- FCC Approval Strategy
- FCC Assignment/Transfer Filings (including public interest showings and supporting declarations and analyses)
- HSR Analysis and Filings
- National Security Reviews and Negotiation of Mitigation Agreements
- Regulatory and Transaction-Related Due Diligence
- Responses to FCC Information Requests
- State Review Process Counseling and Prosecution
- Transaction Structuring
- Drafting Purchase Agreements and Other Transaction Documents
- Negotiating and Drafting Spectrum Purchase and Leasing Agreements
- Regulatory Approvals for Chapter 11 Restructuring and Bankruptcy
Our transactional representations include:
- AT&T Inc. in its acquisition of DIRECTV, Inc.
- Verizon Communications Inc. in its acquisition of Vodafone Plc’s 45% equity stake in Verizon Wireless
- JPMorgan Chase & Co. and Fortress Investment Group LLC in the bankruptcy emergence of Ligado Networks LLC (f/k/a LightSquared Inc.)
- Intelsat in its acquisition of Gogo
- Globecomm Inc’s acquisition by Speedcast
- MDA Holdings (now Maxar) in its acquisition of DigitalGlobe
- Speedcast in its Chapter 11 restructuring
- Intelsat in its Chapter 11 restructuring
- T-Mobile USA, Inc., in its acquisition of MetroPCS Communications, Inc.
- Xylem Inc. in its acquisition of Sensus USA Inc.
- Neustar in its acquisition by Golden Gate Capital Private Equity, Inc.
- Goldman Sachs in its financing of CSDVRS, LLC (d/b/a ZVRS) to acquire Purple Communications, Inc.
- Globecomm, Inc., in its acquisition by Wasserstein & Co.
- Verizon Wireless in its acquisition of spectrum from SpectrumCo, LLC and Cox TMI Wireless, LLC
- Verizon Communications Inc. in its sale of certain local exchange assets to Frontier Communications Corp.
- Iridium Holdings LLC in its acquisition by GHL Acquisition Corp.
- Verizon Wireless in its acquisition of Alltel Communications, Inc. and associated divestiture deals
- Verizon Wireless in its acquisition of Rural Cellular Corporation
- Verizon Communications Inc. in its sale of certain local and long-distance operations to FairPoint Communications, Inc.
- Sirius Satellite Radio Holdings Inc. in its merger with XM Satellite Radio Holdings, Inc.
- Verizon Communications Inc. in its sale of Puerto Rico Telephone Company, Inc. to América Móvil, S.A. de C.V.
- Intelsat Holdings, Ltd. in its acquisition by Serafina Holdings, Limited
- BellSouth Corp. in its merger with AT&T Inc.
- NTT DoCoMo, Inc., in its acquisition of Guam Cellular
- Intelsat Holdings, Ltd. in its merger with PanAmSat Holding Corporation
- SBC Communications Inc. in its merger with AT&T Corp.
- Verizon Communications Inc. in its acquisition of MCI, Inc.
- New Iridium in its acquisition of the IRIDIUM Mobile-Satellite Service System from Motorola, Inc.
- Cingular Wireless Corporation in its merger with AT&T Wireless Services, Inc.
- Intelsat, Ltd. in its acquisition by Zeus Holdings Limited
- Intelsat North America LLC in its acquisition of assets of Loral Satellite, Inc.
- Intelsat, Ltd. in its acquisition of Comsat World Systems from Lockheed Martin Corporation
- America Online, Inc., in its acquisition of Time Warner Inc.
- Pacific Telesis Group in its merger with SBC Communications Inc.
- McCaw Cellular Communications in its acquisition by AT&T Wireless
- The Chapter 11 Trustee for the Bankruptcy Estate of Innovative Communication Corporation to the National Rural Utilities Cooperative Finance Corporation
- Nexstar Media Group in its acquisitions of Tribune Media and Media General, as well as acquisitions of television stations from Communications Corporation of America, Newport Television and other television broadcasters
- Alpha Media in its acquisition of Digity, as well as acquisitions of radio stations from Morris Communications, Main Line Broadcasting, Wilks Broadcast Group, Triad Broadcasting, Buckley Broadcasting and other radio broadcasters
- Alpha Media in its divestitures to Hubbard Radio, Midwest Communications, Dick Broadcasting and other radio broadcasters
- Gray Television Group in various television station acquisitions and divestitures
- JPMorgan Chase & Co. in the bankruptcy emergence of Tribune Company
- iHeartMedia (then Clear Channel Communications) in its sale to Bain Capital Partners LLC and Thomas H. Lee Partners, L.P.
- iHeartMedia (then Clear Channel Communications) in hundreds of radio and television acquisitions and divestitures, in its mergers with AMFM Inc. and Jacor Communications, and in its restructuring transactions
- iHeartMedia (then Clear Channel Communications) in its acquisition of Metro Traffic from Westwood One
- Estrella Media (then LBI Media) in its bankruptcy emergence and in multiple television and radio acquisitions and divestitures
- Emmis Communications in its sales of all of its television stations, and in multiple radio and television acquisitions, divestitures and joint ventures
- Belo Corp. in its merger with Gannett Co.
- University of Massachusetts/New England Public Radio in its strategic alliance with WGBH
- New York Public Radio in a radio station exchange transaction with New York Times and Univision, and in an acquisition of radio stations from New Jersey Public Broadcasting
- Virginia Public Media (then Commonwealth Public Broadcasting) in various acquisitions, divestitures and combinations
- Regional News Network in various television station acquisitions
- OTA Broadcasting in its sales of television stations to Weigel Broadcasting
- Cedar Rapids Television in its sale of a television station to Gray Television
- Barnstable Broadcasting in the sale of all of its radio stations
- Cogeco Cable Inc. in its acquisition of Atlantic Broadband Group, LLC
- YMF Media LLC in its acquisition of radio stations from bankruptcy estate of Inner City Media Corporation
- New Vision Television in its sale of television stations to LIN Broadcasting and in its acquisition of television stations from Montecito Television
- TTBG LLC in its acquisition of television stations from bankruptcy estate of Pappas Telecasting Inc.
- Comcast Corporation in its acquisition of cable systems from Adelphia Communications Corporation
- Viacom Inc. in its merger with CBS Corporation
- Belo Corp. in its acquisition of newspaper and television station properties from The Providence Journal Company
- CBS Corporation in its acquisition of Infinity Broadcasting
- CBS Corporation in its merger with Westinghouse
- Blockchain and Digital Assets
- Communications Enforcement & Compliance
- Connected & Autonomous Vehicles
- Digital Trade
- International & Internet
- Internet of Things
- Pole Attachment and Infrastructure Deployment Litigation and Counseling
- Space and Satellite
- Team Telecom
- Telephony & Information Technology
- The Telephone Consumer Protection Act (TCPA)
- TMT Appellate
- TMT Transactions
- Unmanned Aircraft Systems (UAS) and Advanced Air Mobility (AAM)