U.S. Approves Verizon-Cable Spectrum Deal, With Restrictions

The U.S. Justice Department allowed the sale of unused airwaves from Comcast and other cable companies to Verizon Wireless Thursday.

Originally announced in December of last year, regulators raised anti-competitive concerns over the unprecedented purchase, specifically because it would allow Verizon and cable companies to cross-sell services. The rationale: If they were permitted to do so, then they would be able to drive up prices and drive out the competition for services. To calm those concerns, heavy restrictions on the deal prevent the companies from selling each others services in FiOS markets.

A rigorous review by the Federal Communications Commission and Department of Jus…
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