Justice Department Approves Verizon Spectrum Deal with Conditions


The U.S. Justice Department on Thursday gave the go-ahead for Verizon Wireless to buy $3.9 billion of wireless airwaves from cable providers, but limited the scope and duration of commercial agreements among the companies.

Continue Reading Below

Along with the airwaves purchase, Verizon Wireless also plans a joint venture and marketing agreements with cable providers including Comcast Corp and Time Warner Cable Inc.

The Justice Department also agreed to a separate spectrum agreement between Verizon Wireless and T-Mobile USA, a unit of Deutsche Telekom AG.

Verizon Wireless is a venture of Verizon Communications Inc and Vodafone Group Plc.