WASHINGTON (AP) — The Justice Department on Thursday approved Verizon Wireless’ $3.9 billion purchase of wireless spectrum from four of the nation’s largest cable companies but applied conditions to the deal to protect consumers from reduced competition and higher prices.
Most significantly, the agency said it will not allow Verizon Wireless stores to sell TV and broadband services from the cable companies — Comcast, Time Warner Cable, Bright House Networks and Cox — in areas where Verizon sells its own TV and broadband service.
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