Broadband competition fears may lead DOJ to block Verizon spectrum deal
The Justice Department is "holding up" Verizon Wireless' deal to buy spectrum from cable companies, over concerns that the deal and related swaps will leave many US residents with only one option for broadband Internet service, the Wall Street Journal reported last night. Verizon last December announced an agreement to buy $3.6 billion worth of wireless spectrum covering 259 million Americans from a consortium called SpectrumCo, which includes Comcast, Time Warner Cable and Bright House Networks. Verizon eventually promised an open sale of many of its pre-existing airwaves (contingent on...
Published By: Ars Technica - Friday, 13 July, 2012
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