Verizon Gets OK on Spectrum Deal — With Restrictions (VZ, CMCSA, TWC)

Date: Aug 16 2012

Filed under: Government, Telecom

The US Department of Justice today has approved the $3.9 billion spectrum acquisition by Verizon Communications Inc. (NYSE: VZ) from SpectrumCo LLC, a joint venture of Comcast Corp. (NASDAQ: CMCSA), Time Warner Cable Inc. (NYSE: TWC), BrightHouse Networks, and Cox Communications Inc. The catch is that the cross-marketing agreements between Verizon and the cable companies will have to be modified before the deal is allowed to go through.

The DoJ’s Antitrust division and the New York State…

Verizon Gets OK on Spectrum Deal — With Restrictions (VZ, CMCSA, TWC) originally appeared on DailyFinance.com on 2012-08-16T12:37:00Z.

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