How an FCC squabble over paperwork is jeopardizing a rural expansion of wireless services

Source: New York Post

The Federal Communications Commission is blocking an investment firm’s access to valuable wireless spectrum and threatening to take away its licenses because of a paperwork filing error – and the firm’s executives warn that customers in rural America will pay the price, On The Money has learned. Brevet Capital, with around $2. 5 billion in assets under management, has been locked in what appears to be a strange, two-year bureaucratic snafu with regulators that began when it took over licenses for 112 satellites as part of a bankruptcy proceeding in 2021.