Verizon Wireless and a consortium of cable operators, which includes Comcast, Time Warner Cable, and Bright House Communications, today won approval from U.S. regulators to go through with their $3.9 billion deal to exchange wireless spectrum.
The Department of Justice announced it has negotiated a settlement with Verizon Wireless and the cable companies. And FCC Chairman Julius Genachowski said he supports the deal and will recommend approval with certain conditions in place. The full FCC has yet to vote on the deal. Once that's completed, the sale of the spectrum will be allowed to proceed.
Genachowski said … Read more