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Verizon wins spectrum goldmine as DOJ signs off on cable deal

Updated Dec 19th, 2018 8:32PM EST
BGR

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Verizon (VZ) is getting a fresh helping of spectrum to bolster its LTE services, as the Washington Post reports that the Justice Department has signed off on Verizon’s $3.9 billion Advanced Wireless Spectrum (AWS) license acquisition from cable companies Time Warner Cable (TWX), Comcast (CMCSA), Cox and Bright House Networks. The Post says that as a condition for approval, Verizon and the cable companies need to limit the scope of their joint marketing agreements in markets where the companies compete with one another for home broadband services. The deal will also allow for Verizon and rival carrier T-Mobile to engage in a spectrum swap that will give T-Mobile access to an additional 60 million potential subscribers.

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Brad Reed
Brad Reed Staff Writer

Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.