Verizon plans spectrum sale to win approval for cable deal
Verizon Wireless is planning to auction off some of its wireless spectrum in the hopes of winning favor with regulators to buy a chunk of spectrum from cable operators.
Verizon has been facing opposition from several smaller wireless carriers for a deal it proposed last year to buy unused spectrum from a group of cable operators called Spectrum Co. that includes Comcast and Time Warner Cable.
Verizon said in a statement today that if it's given approval to buy the cable operators' spectrum it will sell some of its own spectrum in the A and B block of the … Read more