The United States Department of Justice approved Verizon’s US$3.6 billion bid for additional spectrum, albeit with changes mandated by antitrust regulators to ensure the deal won’t lead to diminished competition, lower-quality products or higher consumer costs. Verizon Wireless will be allowed to pay Time Warner Cable, Comcast, Cox Communications and Bright House Networks for a chunk of airwaves it will use to expand its 4G LTE network. The company originally agreed to buy the spectrum at an auction in 2006, but most of it has since gone unused, awaiting federal approval. Read the full story at Tech News World.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.