In a market where spectrum is becoming an increasingly valuable asset, US carrier Verizon Wireless has secured approval for its purchase of 122 AWS spectrum licences from cable companies Comcast, Time Warner Cable and Bright House Networks for $3.6bn. It will also complete transactions with Leap Wireless, Savary Island Wireless and T-Mobile, after the US Federal Communications Commission (FCC), approved the deals.
The US Department of Justice has given qualified approval to the US operator Verizon’s plan to purchase wireless spectrum holdings from the four largest US cable operators, Comcast, Time Warner Cable, Bright House Networks and Cox Communications. But agreements between Verizon and the cable operators to offer one another’s services must change, the DoJ said, because the plan as hatched “would have harmed competition by diminishing the companies’ incentive to compete.”
As expected, Clearwire shareholders on Thursday approved the ‘new’ Clearwire joint venture. Comprising Sprint Nextel (51 per cent) and Clearwire (27 per cent) – with the remaining equity held by Intel, Google, TimeWarner Cable, Comcast and Bright House Networks – the new company has ambitious plans to roll out mobile WIMAX across the US. [...]