Verizon Wireless' deal with cable providers is facing scrutiny from the Justice Department.
That's according to a report today from Bloomberg, citing an anonymous source. The report said the Justice Department would look at whether Verizon would control too much spectrum, and whether the cross-selling component of the deal would violate antitrust laws.
Verizon earlier this month shored up its spectrum needs by acquiring a swath owned by Comcast, Time Warner Cable, and Bright House Networks for $3.6 billion. As part of the deal, Verizon agreed to resell cable service in its national chain of stores, while the … Read more