Court turns back FCC denial of Verizon forbearance request

Verizon Communications more than a year ago was denied forbearance from wholesale pricing regulation in six Eastern U.S. markets, but the company looks to be getting a second chance with its forbearance petition after a federal appeals court ruled that the Federal Communications Commission must reconsider the company's request for rate flexibility.

The ruling comes as the FCC has been trying to seek changes in the forbearance process after the process itself and forbearance petition outcomes were heavily criticized last year. Those changes may need Congressional approval. Verizon had pursued the court appeal after the FCC's original denial of its petition.

For more:
- The Wall Street Journal has this story

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