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Comcast, Time Warner Cable, Bright House Sell Wireless Spectrum to Verizon for $3.6 Billion

  • Listed: December 2, 2011 3:51 pm

Description

share The arrangement will reap Comcast $2.3 billion, with the deal partners also striking agreements that will see the cable firms and the telecom giant sell each other’s products. NEW YORK – Cable giants Comcast Corp. and Time Warner Cable along with smaller cable firm Bright House Networks have agreed to sell wireless spectrum to telecom company Verizon Wireless for $3.6 billion. The companies also struck agreements that will see the cable firms and the telecom giant sell each other's products. SpectrumCo, a joint venture of the cable companies, said Friday that Comcast will receive approximately $2.3 billion…

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