Arab Today, arab today us curbs verizon\s wireless entertainment push
Last Updated : GMT 16:41:21
Arab Today, arab today
Arab Today, arab today

US curbs Verizon\'s wireless entertainment push

Arab Today, arab today

Arab Today, arab today US curbs Verizon\'s wireless entertainment push

Washington - AFP

The US Justice Department announced limits Thursday on Verizon\'s effort to expand its wireless entertainment footprint, amid worries the cellphone and cable giant was building a monopoly with other cable operators. After an seven-month review, the department approved Verizon\'s $3.6 billion deal to buy wireless spectrum from major cable television rivals Comcast, Time Warner Cable and Bright House Networks. But it placed limits on the four companies\' plans to cooperate in their respective markets as a part of the deal by bundling their products together. It also said Verizon, the country\'s largest wireless phone carrier, would divest some of the spectrum to smaller competitor T-Mobile. T-Mobile was left in a weak position spectrum-wise after regulators squashed its takeover by Verizon rival AT&T last December. The deal announced by the four last December, one of the largest spectrum sales ever, sparked antitrust lawsuits over fears that Verizon would sell its expanded wireless services together with the cable services of the others, binding the companies\' businesses closely together. The result, regulators feared, would be that the four would stop competing between themselves in cable, wireless, DSL and other services. In addition to its wireless business, Verizon competes in the DSL and cable TV sector with its FiOS bundled wired service. Regulators also feared that the joint marketing would give Verizon an unassailable position in the rapidly growing 4G LTE-standard wireless broadband and video market. The sector has been booming as online streaming has improved in quality and as more consumers opt to stream multimedia like films via wireless phones and tablets rather than wire-based televisions and computers. Verizon said in December that the spectrum deal would give it access to 259 million more potential customers for its newest generation wireless service. \"By limiting the scope and duration of the commercial agreements among Verizon and the cable companies while at the same time allowing Verizon and T-Mobile to proceed with their spectrum acquisitions, the department has provided the right remedy for competition and consumers,\" said Joseph Wayland, who heads the Antitrust Division of the Justice Department. In approving the deal the department did not forbid the joint marketing or bundling of products. But it blocked early agreements between the four that would have restricted or discouraged Verizon from marketing FiOS services against the other three. And it put a time limit joint bundling exclusivity deals between Verizon and the cable firms, as well as a time limit on a new technology research joint venture between the four. The department said that under the original deal terms, the open-ended collaboration could have threatened long-term competition and hindered the companies from pursuing innovations outside the joint venture.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us curbs verizon\s wireless entertainment push Arab Today, arab today us curbs verizon\s wireless entertainment push

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal

GMT 15:47 2017 Wednesday ,22 February

Airbus faces challenges as it enters new era
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday