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Comcast and Verizon Merge, Without Merging: Detente — A Non-Compete Agreement

http://www.phillipdampier.com/video/WSJ Comcast and Verizon Merge Without Merging 12-2-11.flv

Comcast and Verizon are attempting a virtual merger, meaning that both sides are agreeing to work together by staying out of each other’s way, Peter Kafka reports on the Wall Street Journal’s digits.  (3 minutes)

http://www.phillipdampier.com/video/WSJ Verizons 3-6 Billion Spectrum Deal Turns Heat on ATT 12-2-11.flv

And what of AT&T?  The Wall Street Journal reports Verizon Wireless’ deal is ramping up pressure on rival AT&T, which is fighting to salvage its deal to take over T-Mobile USA, Greg Bensinger reports.  (5 minutes)

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Currently there is 1 comment on this Article:

  1. Scott says:

    Nice homerun for Verizon..

    Not only do they keep two small time competitors out of the Cellular business, they manage to buy up their Spectrum for their use or to deny other companies from purchasing it..

    Not to mention the non-compete and cross-selling agreement protecting their current business from any future price competition…

    Plus they managed to screw over Sprint by having Comcast/TW cancel their deal with Clearwire which Sprint has heavily backed and invested in, making Sprint a loser in all this too.

    Once again, consumers are the big losers here, along with Verizon customers who will need to help cover the several billion dollars being paid for the spectrum purchased off the Cable Co’s.

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