Printed from http://www.electronista.com

DoJ approves Verizon's $3.9B spectrum buy from cable giants

updated 11:02 pm EDT, Thu August 16, 2012

FCC approval likely, paving way to 4G LTE buildout

The US Department of Justice said on Thursday that it would approve Verizon Wireless' $3.9 billion wireless spectrum purchase. The head of the Federal Communications Commission, Julius Genachowski, said that the FCC would also likely give the deal permission to continue -- albeit with marketing restrictions.

One noted restriction by the Justice Department prevents Verizon Wireless from marketing cable products in areas where Verizon Communications markets and sells FiOS television and Internet services in direct competition with the cable companies.

After the Justice Department announced its conditions on the transfer, Genachowski urged the commission to approve the deal. A majority of the FCC commissioners must vote in favor of the transfer before Verizon can claim the bandwidth.

"By limiting the scope and duration of the commercial agreements among Verizon and the cable companies, while at the same time allowing Verizon and T-Mobile to proceed with their spectrum acquisitions, the department has provided the right remedy for competition and consumers," said the head of the Antitrust Division of the Justice Department, Joseph Wayland.

Verizon's deal with cable providers Comcast, Time Warner Cable, Bright House Networks, and Cox Communications drew opposition from public interest groups, claiming the lack of choice would hurt competition and drive up prices. To partially address these concerns, the Justice Department said that it wanted changes to Verizon Wireless' commercial agreements with cable companies on marketing each other's services and the creation of a technology joint venture. Verizon is planning on using the spectrum to add capacity to its high speed "4G" LTE network.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News