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

|About: Verizon Communications (VZ)|By:, SA News Editor

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