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Verizon’s cable spectrum deal to get green light from regulators

Corey

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Corey Apprentice

Corey

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Verizon Cable Spectrum Deal

After months of waiting, Verizon (VZ) finally seems poised to hit the spectrum jackpot. The Wall Street Journal reports that federal regulators are just about set to sign off on Verizon’s $39 billion deal to acquire AWS spectrum licenses from major cable companies such as Comcast (CMCSA) and Cox. Both the Department of Justice and the Federal Communications Commission are prepared to approve the deal, which the Journal says would only go through if the cable companies agreed “to limit the scope and duration of side agreements to sell each other’s services.” Verizon and Comcast have also agreed to ditch their plans to jointly market services in areas where the two companies already compete with each other for home Internet service.

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