Justice Dept. Stalls Verizon Deal Over Competition Concerns
Jul 13, 2012, 7:00 AM by Eric M. Zeman
updated Jul 13, 2012, 7:02 AM
The Department of Justice is delaying Verizon's attempt to purchase 122 AWS spectrum licenses from several cable companies due to concerns about anti-competitive behavior. The Wall Street Journal, citing sources familiar with the Justice Department's plans, reports that the government agency is specifically concerned with the cross-promotion aspect of the deal related to their wired broadband and television services. The Justice Department feels this arrangement is essentially an agreement between the organizations involved to not compete with one another, which could impact what services are available to consumers and how much they cost. The Journal's sources say the Justice Department has made it clear to Verizon and its cable company partners that it won't approve the deal until changes are made to this portion of the agreement. The Federal Communications Commission is prepared to approve the deal after Verizon Wireless agreed to divest some spectrum holdings if the deal goes through.
more info at Wall Street Journal »
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Comments
| Subject | Author | Date |
| Maybe the DOJ and the FCC should do more | LibtardExposer |
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