VIDEO: RCR Wireless Newscast for Monday, June 16, 2008

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FCC on ETFs: First up, the FCC held a hearing last week on how to regulate early termination fees, which are charges wireless customers pay to get out of their service contracts. At the hearing, cellphone industry representatives argued that the federal government should oversee ETF charges, but officials from consumer and state organizations argued that it should be states that regulate early termination fees.

Mobile marketing: RCR Wireless News sister publication Advertising Age checks in with a debate on whether advertisers need to pay attention to the wireless medium.

Nortel and LTE: And finally, the world’s network equipment market witnessed another major upheaval as Nortel said it will offload its WiMAX business to Alvarion. Terms of the deal were not disclosed. However, Nortel said it wants to get out of WiMAX to focus on developing LTE technology, a rival 4G standard. Analyst Ittai Kidron at Oppenheimer said Nortel’s move raises questions about the market opportunity for WiMAX.