Verizon Gets FCC Approval For $3.9 Billion Spectrum Deal
The Federal Communications Commission approved Verizon's bid to buy unused spectrum from cable television companies, including Cox Communications, Comcast, Time Warner Cable and Bright House Networks. Under the FCC ruling, Verizon won't be able to market its own competitive cable services and will be subject to a number of other conditions, but the deal gives Verizon an edge on rival AT&T, which is reportedly readying a huge spectrum purchase of its own.
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