Released: December 03, 2011

With Verizon’s $3.6 Billion Spectrum Deal, Cable and Wireless Inch Closer

Source: Brian Stelter, The New York Times

In a deal that could remake the boundaries of the cable and wireless industries, Verizon Wireless said on Friday that it had agreed to acquire wireless spectrum from three cable companies at a cost of $3.6 billion. The spectrum transfer, if approved by the government, will allow Verizon to further expand its wireless data networks. But perhaps just as important, a separate agreement announced Friday will enable the cable companies — Comcast, Time Warner Cable and Bright House Networks — to market Verizon services and vice versa, foreshadowing the possibility of cable television, broadband, home phone and cellphone service someday appearing on a single monthly bill.

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