FCC Chair Jessica Rosenworcel said of 181 applications filed, 122 were found to be "initially materially deficient." The FCC told applications they have 15 days to fix their applications, and it "expects to complete this process by July 15." The FCC currently estimates the cost estimate to remove the equipment from companies like Huawei and ZTE Corp from the "rip and replace" program is $5.3 billion, much higher than what Congress set aside.

(Reporting by David Shepardson; Editing by Leslie Adler)