Verizon’s $3.9B Spectrum Buy Wins FCC Approval

Law360, New York (August 23, 2012, 7:16 PM EDT) -- The Federal Communications Commission on Thursday approved Verizon Wireless' plan to pay $3.9 billion for airwaves in several deals with large cable providers, which was tweaked to quell concerns from lawmakers and consumer advocates that it would stifle the marketplace.

With the regulator’s go-ahead, Verizon said it will snap up unused cable spectrum licenses from SpectrumCo — a joint venture between Comcast Corp., Time Warner Cable Inc. and Bright House Networks — as well as Cox Communications Inc. and others.

The approved terms vary from the...
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