Verizon Wireless ups its spectrum portfolio

For those keeping track of wireless carriers these days, you know that all news isn’t good news. While AT&T bickers with the FCC over the recent collapse of the T-Mobile buy out, Big Red’s day just got a little rosier. Verizon Wireless just struck a deal worth $3.6 billion to buy wireless spectrum covering 259 million Americans from Comcast, Time Warner Cable, and Bright House Networks. The nation’s biggest 4G carrier just got a little bit bigger.

That’s not all folks! Verizon’s deal with the communications powerhouses, also involves added provisions for Comcast, Time Warner, and Bright House to be able to sell Verizon Wireless service on a wholesale basis. The whole thing is complicated. Verizon Wireless would be buying SpectrumCo, a joint venture between the three companies; however, as is the deal with all delicious money-making ventures in the mobile world, it is still pending FCC approval.

via Ars Technica

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