Verizon Cable Spectrum Deal
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The FCC approved Verizon 's $3.9 billion bid to buy wireless spectrum from a group of cable companies. In December, Verizon proposed buying 20 MHz of wireless spectrum from a consortium of cable operators known as SpectrumCo, which included Comcast, Time Warner Cable, and Bright .The agreement stems from Verizon 's 2011 purchase of AWS-1 spectrum from Comcast, Time Warner Cable NYSE: TWC , Bright House .The spectrum deal Verizon signed with Comcast, Time Warner. Cable and that Comcast, Time Warner Cable and Bright House Networks had purchased .Comcast, Time Warner Cable and Bright House Networks - together known as SpectrumCo - agreed to sell their wireless spectrum to Verizon .
The FCC approved Verizon 's $3.9 billion bid to buy wireless spectrum from a group of cable companies. But what does the final deal hashed . Additionally, the deal opens the door for the cable companies to resell Verizon 's wireless service. The cable companies are currently wholesale . Comcast, Time Warner Cable and Bright House Networks together known as SpectrumCo agreed to sell their wireless spectrum to Verizon . department of justice seal The DOJ gave the green light to a controversial deal between Verizon and several of the nation 's largest cable .
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