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The DOJ has officially cleared Verizon Wireless' (VZ, VOD) spectrum-purchase deals with Comcast...

Aug. 16, 2012 1:27 PM ETVerizon Communications Inc. (VZ) StockCMCSA, VZ, VOD, CHTRBy: Eric Jhonsa, SA News Editor3 Comments
The DOJ has officially cleared Verizon Wireless' (VZ, VOD) spectrum-purchase deals with Comcast (NASDAQ:CMCSA), Time Warner Cable (TWC), and other cable providers. As was previously reported, the approval comes with the condition Verizon and the cable providers don't re-sell each other services in FiOS areas, along with other stipulations to guarantee competition. The FCC is now in favor of approving the deal.

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