Reuters: Technology News: US FCC green lights Verizon Wireless' cable spectrum deal

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US FCC green lights Verizon Wireless' cable spectrum deal Aug 23rd 2012, 19:40 WASHINGTON | Thu Aug 23, 2012 3:40pm EDT WASHINGTON (Reuters) - The U.S. Federal Communications Commission on Thursday approved Verizon Wireless' proposal to purchase $3.9 billion of airwaves from big cable providers. The agency concluded its review after the Department of Justice cleared the way last week for the deal to move forward with constraints on the companies' marketing agreements. Verizon Wireless, a joint venture of Verizon Communications (VZ.N) and Vodafone Group Plc (VOD.L), last December proposed to buy wireless airwaves from cable companies including Comcast Corp (CMCSA.O) and Time Warner Cable Inc (TWC.N).

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