The Daily Caller

The Daily Caller
WASHINGTON, DC - MAY 30:  U.S. Attorney General Eric Holder addresses the Congressional Black Caucus Faith Leaders Summit and National Black Churches Annual Consultation at the Renaissance Hotel May 30, 2012 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) WASHINGTON, DC - MAY 30: U.S. Attorney General Eric Holder addresses the Congressional Black Caucus Faith Leaders Summit and National Black Churches Annual Consultation at the Renaissance Hotel May 30, 2012 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)  

DOJ gives Verizon deal the go-ahead, sort of

A U.S. Department of Justice investigation has concluded that a multifaceted US$3.9 billion agreement between Verizon Wireless and four of the largest cable TV network operators in the country could substantially harm competition and lead to higher prices in the wireless communications market.

The deal, which was announced last December, included the acquisition of wireless spectrum by Verizon from the four companies, Comcast, Time Warner Cable, Bright House Networks and Cox Communications. At the same time, Verizon and the cable companies agreed to resell each other’s services and work together on research of future technologies.

Full Story: DOJ Approves Verizon Spectrum Deal, but Will Require Changes