Tags: Verizon | Wireless | probe | Cable

Verizon Wireless Said to Be Probed by U.S. Over Cable Deals

Tuesday, 20 Dec 2011 12:48 PM

Verizon Wireless is being investigated by the antitrust division of the U.S. Justice Department over whether its proposed cable spectrum deals might constitute a restraint of trade, a person familiar with the matter said.

Verizon Wireless, the largest U.S. mobile-phone carrier, struck an alliance earlier this month with cable companies that will change how customers buy Internet, mobile and pay-TV services.

Under the deal, Verizon Wireless will pay the group $3.6 billion for wireless spectrum, the companies said Dec. 2 in a statement. Comcast Corp., the country’s largest cable provider, will receive $2.3 billion, while Time Warner Cable Inc. gets $1.1 billion and Bright House Networks LLC gets $189 million.

Verizon Communications Inc. co-owns Verizon Wireless with Vodafone Group Plc.


© Copyright 2017 Bloomberg News. All rights reserved.

   
1Like our page
2Share
Companies
Verizon Wireless is being investigated by the antitrust division of the U.S. Justice Department over whether its proposed cable spectrum deals might constitute a restraint of trade, a person familiar with the matter said. Verizon Wireless, the largest U.S. mobile-phone...
Verizon,Wireless,probe,Cable
120
2011-48-20
Tuesday, 20 Dec 2011 12:48 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved