Is Verizon Facing DOJ Probe Over Cable Deals?
Public interest groups say telecom hinders competition
Now that the Obama administration has successfully shut down the AT&T-T-Mobile merger, it is setting its sights on Verizon Wireless' recent spectrum and joint venture deals with cable companies, a Department of Justice spokeswoman confirmed.
While the AT&T-T-Mobile deal was a straight antitrust case, Verizon's $3.6 billion deal with SpectrumCo's owners Comcast, Time Warner Cable and Bright House Networks, and $315 million deal with Cox Cable are more complex. In both cases, Verizon solidified its leadership position in the wireless business by adding valuable spectrum.
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