Verizon Agrees to DoJ Terms to Gain Spectrum Approval
Verizon Wireless has agreed to make several significant concessions in order to win approval from the Department of Justice for its proposed purchase of 122 AWS spectrum licenses from a consortium of cable companies. Verizon and the cable companies will limit the scope and duration of their cross marketing agreements, according to sources cited by the Wall Street Journal. The companies have agreed to a five-year time limit on the cross marketing arrangements, after which they will need to reapply with the government to continue them. Verizon Wireless and Comcast have also agreed to drop the cross marketing portion of the proposal altogether in markets where they compete directly for cable, internet, and phone services. The Journal's sources indicate that the final set of details are still being worked out, but the DoJ and Federal Communications Commission have, by and large, decided to approve the deal. The Journal reports that the FCC and DoJ will likely signal official approval for the spectrum purchase in the coming weeks. The purchase will give Verizon Wireless access to more airwaves in the 1700MHz band, which it plans to use to supplement its LTE 4G network.
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