Verizon Wireless Spectrum Buy Said to Raise U.S. Concerns – Businessweek

Verizon Wireless Spectrum Buy Said to Raise U.S. Concerns - Businessweek

Verizon Wireless’s $3.6 billion plan to buy airwaves from cable providers has raised concerns with U.S. regulators that the purchase may harm competition in the wireless market, three people familiar with the matter said.

The U.S. Federal Communications Commission and Justice Department are examining whether the acquisition would make it harder for Verizon’s rivals to expand wireless networks, said Steven K. Berry, chief executive officer of the Rural Cellular Association, an opponent of the deal, and two other people who weren’t authorized to discuss the matter publicly.

via Verizon Wireless Spectrum Buy Said to Raise U.S. Concerns – Businessweek.

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