Federal regulators taking a hard look at $3.6 billion Verizon [telecom]

{{ from The Hill newspaper }}

Federal regulators taking a hard look at $3.6 billion Verizon cable deal By Brendan Sasso - 02/04/12 03:25 PM ET

Verizon's $3.6 billion deal with a coalition of cable companies is raising eyebrows in Washington and could come under intense regulatory scrutiny.

Verizon agreed in December to buy wireless airwave licenses, or spectrum, from a group of cable companies, including Comcast and Time Warner. Under a separate deal announced simultaneously, Verizon and the cable companies agreed to cross-sell each other's services.

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