The Federal Communications Commission today approved Verizon Wireless's deal to purchase lots of wireless spectrum from cable companies, while imposing limits onto a related deal in which Verizon and the cable companies will resell each other's services.
Verizon will purchase spectrum in the Advanced Wireless Services band from Comcast, Time Warner Cable, and Bright House Networks, while selling some of its leftover spectrum to competitors T-Mobile and Leap Wireless. As part of the whole series of agreements, Verizon will resell its competitors' cable products, and the cable companies can resell Verizon Wireless services.
The FCC unanimously approved the agreement, but with some reservations. The commercial agreement to resell services "on their face, would have turned former fierce competitors not only into 'frenemies', but collaborators, for as long as these companies found it to be in their mutual financial interests," FCC Commission Mignon Clyburn wrote in a statement. "As initially proposed, no FCC could have found the transaction to be in the public interest."
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