Comcast Comments on Sale of Spectrum to Verizon
Today, the Federal Communications Commission issued an Order approving the spectrum sale from SpectrumCo, LLC (a joint venture between Comcast Corporation, Time Warner Cable, and Bright House Networks) to Verizon Wireless.
In a blog post on Comcast Voices (www.comcastvoices.com), David L. Cohen, Executive Vice President, Comcast Corporation wrote:
“We are pleased that the Federal Communications Commission has now voted unanimously to approve the spectrum sale and transfer by Comcast and other cable companies to Verizon Wireless. This timely approval in conjunction with the recent Consent Decree negotiated with the Department of Justice, will promote innovation, investment, competition, and consumer choice for video, voice, high-speed Internet, and wireless services in the ways we planned when the deal was announced.
“As approved by both agencies, the spectrum transfer and the commercial agreements were found to be pro-consumer and strongly in the public interest. In fact, consumers have already begun to see benefits in the 21 markets where we've begun to jointly market bundled services.
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