Verizon’s deal with cable companies may be approved in ‘next few weeks’

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The US Justice Department and the Federal Communications Commission are set to approve a spectrum deal between Verizon and several cable companies, The Wall Street Journal reports, but a few compromises were made in the negotiations. Anonymous agency officials say that the deal could be approved in the next few weeks, allowing Verizon to purchase spectrum from companies like Comcast and Time Warner Cable and collaborate for limited cross-selling, a controversial provision that would allow one company to sell services from another.

As we’ve heard before, federal agencies are trying to limit the impact this could have on competition and total coverage. The companies are expected to only cross-sell in areas where one offers services another…

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