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 AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.