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Verizon Makes Deal To Buy Spectrum For $3.6 Billion (NYSE: VZ)
Verizon Wireless announced a deal to acquire wireless spectrum from three cable companies at a cost of $3.6 billion. If approved by the government, the spectrum transfer would further expand Verizon’s wireless data networks. The deal will require approval by the Federal Communications Commission and a Justice Department antitrust review. Verizon announced that it was seeking approval of the...