Verizon (VZ) and Comcast (CMCSA) execs are grilled at Congressional hearings over Verizon's...

|About: Comcast Corporation (CMCSA)|By:, SA News Editor

Verizon (VZ) and Comcast (CMCSA) execs are grilled at Congressional hearings over Verizon's spectrum purchase/reseller deals with Comcast and other cable companies. Verizon says it needs the spectrum provided by the deals, but rivals, consumer groups, and at least a few Congressmen see an attempt to hoard spectrum and/or squash broadband competition. (also)