NeuStar contract with FCC could take year to decide, says Wells Fargo Wells Fargo says any final decision on the Number Portability Administration Center contract with the FCC could "easily take" another 12 months to be announced given the legal and procedural issues around the contract. Wells notes that NeuStar would still receive revenue and free cash from the contract through mid 2017 even if the worst case scenario happens and it losses the contract. The firm has a Market Perform rating on the stock.
FCC votes unanimously to end portability contract with NeuStar NeuStar (NSR) was expected to loss the Number Portability Administration Center vendor contract with the FCC to Ericsson's (ERIC) Telcordia unit after the Wireline Competition Bureau earlier this morning provided a draft order to the agency to initiate contract negotiations with Telcordia. The FCC voted today to move forward with Ericsson.