Comcast Reacts to DoJ Spectrum Deal OK

Comcast EVP expresses his pleasure at DoJ antitrust review decision

August 16, 2012

1 Min Read

PHILADELPHIA --

Comcast Statement Regarding U.S. Department of Justice Verizon Wireless-SpectrumCo Commercial Agreements Consent Decree

Today, the U.S. Department of Justice filed a Consent Decree and Competitive Impact Statement regarding the Verizon Wireless-SpectrumCo, LLC (a joint venture between Comcast Corporation, Time Warner Cable, and Bright House Networks) commercial agreements with the United States District Court for the District of Columbia.

Statement attributable to David L. Cohen, Executive Vice President, Comcast Corporation:

"We appreciate the timely completion of the antitrust review by the government of the proposed sale of spectrum and associated commercial agreements between Verizon Wireless, Comcast, and the other cable companies. And, we are pleased that the consent decree that we have negotiated with the Department of Justice preserves the most important goals of the agreements, including Comcast's ability to market Verizon Wireless services throughout our footprint in order to offer our customers a wireless option, Verizon Wireless' ability to market our products in virtually all of our footprint, our ability to opt into an MVNO relationship with Verizon Wireless, and the essential structure of the innovation R&D technology joint venture. We are also pleased that the FCC is circulating an order proposing approval of the spectrum sale and we are hopeful that a final order will be issued shortly."

Comcast Corp. (Nasdaq: CMCSA, CMCSK)

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