Verizon Wireless withdrew its opposition to a Federal Communications Commission plan, which would give Nextel Communications valuable wireless airwaves in exchange for reducing interference between its network and communications for public safety officials.
In exchange, Nextel Communications has agreed to forego ownership rights to the "push-to-talk" phrase used for walkie talkie features, which Verizon Wireless and other wireless carriers have added to their services.

(Source: Reuters, Washington Post, USA Today, Wall Street Journal, Chicago Tribune, Dow Jones Newswire, New York Times, Associated Press, Bloomberg News)