Full Speed Ahead for Verizon and Cable

The Justice Department has given the go-ahead to a very interesting transaction between Verizon Wireless and the cable companies, with certain conditions. The government’s review followed the template ITIF suggested in the comments we filed with the FCC in February, where the spectrum transaction and the other arrangements were evaluated separately. While the FCC is tasked with reviewing the spectrum transaction, the commercial arrangement was examined by Justice. Commentary by left interest groups focuses on the resale agreements between Verizon Wireless and the cable companies and ignores the much more interesting joint venture to develop intellectual property. So what we have here is a very thorough analysis by the Justice Department that comes to a very sound conclusion and a lot of poorly-reasoned objections from groups that aren’t even willing to admit that broadband in the United States is moving in the right direction.