Department of Justice approves Verizon's $3.9 billion purchase of new wireless spectrum
It has now been announced that the DoJ is a-OK with the $3.9 billion deal going through, with one of the few limitations being that Verizon Wireless will not be able to market cable services in areas where Verizon Communications is marketing and selling its FiOS television and Internet service in direct competition with Comcast, Time Warner Cable, Bright House Networks and the other cable companies involved.
The only thing that Verizon needs to wait for now, before popping the champagne, is the FCC's green light to go, which shouldn't take too long, as FCC chairman Julius Genachowski has already stated that the Federal Communications Commission is likely to approve the deal.
Here's what the head of the Antitrust Division of the DoJ, Joseph Wayland, said about the decision:
1. Phullofphil (Posts: 801; Member since: 10 Feb 2009)
I wonder if it is going to affect my service in the portland area in any way. I remember that part of the deal was to sell some spectrum inother areas. Including some that are in the surrent LTE are so it would make room for LTE in the AWS spectrum
2. QWIKSTRIKE (Posts: 888; Member since: 09 Mar 2010)
LOL, what a joke....I bet 10 years down the road the lobbyist will get this changed. They just wanted to get a foot in the door.
3. rla2680 (Posts: 18; Member since: 17 Aug 2012)
why would they need AWS spectrum if they use 700 mhz? Tmo needs AWS
4. master0fursinz (Posts: 104; Member since: 26 Apr 2010)
certain parts of the country do better with AWS, thats why VZW is getting in on it. Plus the partnerships will make it easier to offer more bundle services with cable companies. ie: Verizon Video, Free Wifi Hotspots and Quad Play Bundles.