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Trying to keep up with the fast-growing demand for bandwidth, Verizon Wireless (VZ, VOD) agrees...

Trying to keep up with the fast-growing demand for bandwidth, Verizon Wireless (VZ, VOD) agrees to buy Spectrum and its 122 wireless licenses from Comcast (CMCSA) and Time Warner (TWX) for $3.6B. Comcast's share of the proceeds will be $2.3B; Time Warner's, $1.1B. (PR) Comcast +2.6% premarket.
Comments (1)
  • themisanthrope
    , contributor
    Comments (120) | Send Message
     
    Might CMCSA be selling the family jewels for short-term profit, a move they might regret later?
    2 Dec 2011, 09:13 AM Reply Like
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