On Thursday, the Federal Communications Commission voted 5-0 to approve Verizon’s deal to acquire spectrum from a consortium of the nation’s largest cable companies. The FCC put several conditions on its approval of the deal.
The Department of Justice signed off on the deal last week.
WASHINGTON – On Thursday, the Department of Justice announced that it would allow Verizon’s deals to buy spectrum from a consortium of the nation's largest cable companies to move forward. FCC Chairman Julius Genachowski also announced he would circulate an order approving the deal to the other four commissioners for a vote.
In its consent decree, the DoJ placed limits on Verizon and SpectrumCo’s deals to cross-market each other’s services.
On Tuesday, the Senate Commerce Committee will hold a hearing to consider the history and the continued importance of federal laws designed to protect people who subscribe to cable television, satellite or other such multichannel video packages.
