Verizon Set To Merge With Comcast And Time Warner

Verizon Wireless has reached a ground breaking deal with three major cable companies. Meanwhile its main rival AT&T is still struggling with its “controversial” proposed merger with T-Mobile to expand its network.

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Under the deal announced Friday, Verizon will pay $3.6 billion to Comcast, Time Warner and Bright House Networks to use cellphone airwaves that the cable giants own but do not use. This would rocket Verizon’s status to the dominant wireless carrier.

Whats even crazier is parts of the cooperative marketing arrangement, call for the cable companies and Verizon to “become agents to sell one another’s products.”

This would allow a consumer to walk into a Comcast store and get a Verizon Wireless plan right along with his television, Internet and landline phone service. But eventually Verizon’s name might not appear on those bundled plans. Some antitrust experts are worried about the deal. They are especially concerned that Verizon in its push to dominate wireless services and its new obligation to promote other cable companies or even lose interest in FiOS altogether

The cable companies would essentially kill plans to move into the cellular industry. Meanwhile, Verizon would promote the cable companies even where it offers its fledgling cable and home Internet service known as FiOS.

The deal will go before regulators at the Department of Justice and the Federal Communications Commission for review.

Via Washington Post

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