DOJ OKs $4B Verizon Spectrum Sale But Limits Side Deals

Law360, New York (August 16, 2012, 1:12 PM EDT) -- The U.S. Department of Justice signed off Thursday on Verizon Communications Inc.'s $3.9 billion deal to buy up spectrum from four of the country's largest cable companies but limited a related joint venture and series of cross-marketing deals that the agency warned could have hindered competition.

The antitrust watchdog also cleared Verizon's sale of a significant chunk of spectrum to T-Mobile USA Inc., which was contingent on the Verizon cable spectrum deal going through and was one of the pro-competitive benefits of the deal that Acting...
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