Regulators Approve Verizon Spectrum Sale

Deal will help adapt to increasing demand for data services on mobile platforms.


Regulators cleared the way for Verizon Wireless to proceed with its $3.9 billion purchase of airwaves from big cable providers but placed constraints on the companies' controversial marketing agreements.

The U.S. Department of Justice said on Thursday it would approve the spectrum sale and the head of the Federal Communications Commission said the commission should also give the go-ahead to the deal.

The deal will give Verizon Wireless additional capacity to help it cope with rising demand for data services such as Web surfing and video on mobile devices.