{"id":3893,"date":"2011-12-02T00:00:00","date_gmt":"2011-12-02T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/2011\/12\/02\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/"},"modified":"2011-12-02T00:00:00","modified_gmt":"2011-12-02T00:00:00","slug":"u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/","title":{"rendered":"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon"},"content":{"rendered":"<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">PHILADELPHIA\/BASKING RIDGE\/NEW YORK\/ORLANDO: Verizon Wireless plans to pay $3.6 billion for wireless airwaves from Comcast, Time Warner Cable and Bright House Networks, collectively known as SpectrumCo. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The deal, subject to FCC approval, is for 122 Advanced Wireless Services (AWS). The joint venture paid $2.4 billion for 137 AWS licenses in a 2006 auction at the U.S. Federal Communications Commission. Comcast, the biggest stakeholder in SpectrumCo, will take in $2.3  billion from the sale. Time Warner Cable will  <\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\">receive <\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\">$1.1 billion, and  Bright House will&nbsp;<\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\">get<\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\"> $189 million.  The spectrum covers about 85 percent of the country&#8217;s population.<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The deal also includes the option for Verizon to sell cable service in its stores and for the cable companies to get access to the wireless network on a wholesale basis. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Lately there had been speculation that the cable companies had intentions of creating their own wireless network.<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">A statement from the companies said the sale of spectrum is &quot;an important step toward ensuring that the needs  and desires of consumers for additional mobile services will not be  thwarted by the current spectrum shortage. While government action to  free more spectrum is expected, this transaction ensures that the  spectrum which is already available for mobile services is used  effectively to serve customers.&quot;<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Neil Smit, the president of Comcast Cable, said, &ldquo;These agreements,  together with our Wi-Fi plans, enable us to execute a comprehensive,  long-term wireless strategy and expand our focus on providing mobility  to our Xfinity services. We&rsquo;re excited about this partnership with  Verizon Wireless and the future innovations we will bring to consumers.&rdquo;&nbsp;<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Dan Mead, the president and CEO of Verizon Wireless, added, &ldquo;Americans  deserve excellence from a wireless service provider, and innovative  wireless companies plan ahead in order to deliver on that expectation.  Spectrum is the raw material on which wireless networks are built, and  buying the AWS spectrum now solidifies our network leadership into the  future, and will enable us to bring even better 4G LTE products and  services to our customers. American businesses and consumers can have  confidence that the best wireless network has the foundational resources  to deliver on that promise.&rdquo;<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\"><span class=\"xn-person\">Rob Marcus<\/span>, <\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Time <span class=\"xn-person\">Warner Cable&#8217;s president<\/span> and COO, commented<\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\">, &quot;We&#8217;re excited to be able to offer the nation&#8217;s best wireless  services to our customers and to have Verizon Wireless as a sales  channel for our superb wireline services.&nbsp; We&#8217;re also pleased to have  obtained an attractive price for the spectrum we&#8217;re selling.&quot;<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\"><span class=\"xn-person\">Steve Miron, <\/span><\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Bright House Networks&#8217; CEO, <\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\">  added, &quot;We are always looking for ways to provide new and exciting  product offerings for our customers. We look forward to working with  our partners through these agreements toward achieving that end goal to  add additional value for our customers.&quot;<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA\/BASKING RIDGE\/NEW YORK\/ORLANDO: Verizon Wireless plans to pay $3.6 billion for wireless airwaves from Comcast, Time Warner Cable and Bright House Networks, collectively known as SpectrumCo. The deal, subject to FCC approval, is for 122 Advanced Wireless Services (AWS). The joint venture paid $2.4 billion for 137 AWS licenses in a 2006 auction at the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-3893","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon<\/title>\n<meta name=\"description\" content=\"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon . PHILADELPHIA\/BASKING RIDGE\/NEW YORK\/ORLANDO, December 2: Verizon Wireless plans to pay $3.6 billion for wireless airwaves from Comcast, Time Warner Cable and Bright House Networks, collectively known as SpectrumCo. . Author - Kristin Brzoznowski\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon\" \/>\n<meta property=\"og:description\" content=\"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon . PHILADELPHIA\/BASKING RIDGE\/NEW YORK\/ORLANDO, December 2: Verizon Wireless plans to pay $3.6 billion for wireless airwaves from Comcast, Time Warner Cable and Bright House Networks, collectively known as SpectrumCo. . Author - Kristin Brzoznowski\" \/>\n<meta property=\"og:url\" content=\"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/\" \/>\n<meta property=\"og:site_name\" content=\"TVUSA\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/worldscreen.com\/wp-content\/uploads\/2016\/05\/logo.jpg\" \/>\n<meta name=\"author\" content=\"World Screen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"World Screen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/\",\"url\":\"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/\",\"name\":\"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon\",\"isPartOf\":{\"@id\":\"https:\/\/worldscreen.com\/tvusa\/#website\"},\"datePublished\":\"2011-12-02T00:00:00+00:00\",\"dateModified\":\"2011-12-02T00:00:00+00:00\",\"author\":{\"@id\":\"https:\/\/worldscreen.com\/tvusa\/#\/schema\/person\/48d5d8caeca98083bf34512b4ce8c4c7\"},\"description\":\"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon . PHILADELPHIA\/BASKING RIDGE\/NEW YORK\/ORLANDO, December 2: Verizon Wireless plans to pay $3.6 billion for wireless airwaves from Comcast, Time Warner Cable and Bright House Networks, collectively known as SpectrumCo. . Author - Kristin Brzoznowski\",\"breadcrumb\":{\"@id\":\"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/worldscreen.com\/tvusa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/worldscreen.com\/tvusa\/#website\",\"url\":\"https:\/\/worldscreen.com\/tvusa\/\",\"name\":\"TVUSA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/worldscreen.com\/tvusa\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/worldscreen.com\/tvusa\/#\/schema\/person\/48d5d8caeca98083bf34512b4ce8c4c7\",\"name\":\"World Screen\",\"description\":\"The leading source of information for the international media business.\",\"url\":\"https:\/\/worldscreen.com\/tvusa\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon","description":"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon . PHILADELPHIA\/BASKING RIDGE\/NEW YORK\/ORLANDO, December 2: Verizon Wireless plans to pay $3.6 billion for wireless airwaves from Comcast, Time Warner Cable and Bright House Networks, collectively known as SpectrumCo. . Author - Kristin Brzoznowski","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/","og_locale":"en_US","og_type":"article","og_title":"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon","og_description":"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon . PHILADELPHIA\/BASKING RIDGE\/NEW YORK\/ORLANDO, December 2: Verizon Wireless plans to pay $3.6 billion for wireless airwaves from Comcast, Time Warner Cable and Bright House Networks, collectively known as SpectrumCo. . Author - Kristin Brzoznowski","og_url":"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/","og_site_name":"TVUSA","article_published_time":"2011-12-02T00:00:00+00:00","og_image":[{"url":"http:\/\/worldscreen.com\/wp-content\/uploads\/2016\/05\/logo.jpg"}],"author":"World Screen","twitter_card":"summary_large_image","twitter_misc":{"Written by":"World Screen","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/","url":"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/","name":"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon","isPartOf":{"@id":"https:\/\/worldscreen.com\/tvusa\/#website"},"datePublished":"2011-12-02T00:00:00+00:00","dateModified":"2011-12-02T00:00:00+00:00","author":{"@id":"https:\/\/worldscreen.com\/tvusa\/#\/schema\/person\/48d5d8caeca98083bf34512b4ce8c4c7"},"description":"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon . PHILADELPHIA\/BASKING RIDGE\/NEW YORK\/ORLANDO, December 2: Verizon Wireless plans to pay $3.6 billion for wireless airwaves from Comcast, Time Warner Cable and Bright House Networks, collectively known as SpectrumCo. . Author - Kristin Brzoznowski","breadcrumb":{"@id":"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/worldscreen.com\/tvusa\/u-s-cable-giants-sell-spectrum-worth-3-6-billion-to-verizon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/worldscreen.com\/tvusa\/"},{"@type":"ListItem","position":2,"name":"U.S. Cable Giants Sell Spectrum Worth $3.6 Billion to Verizon"}]},{"@type":"WebSite","@id":"https:\/\/worldscreen.com\/tvusa\/#website","url":"https:\/\/worldscreen.com\/tvusa\/","name":"TVUSA","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/worldscreen.com\/tvusa\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/worldscreen.com\/tvusa\/#\/schema\/person\/48d5d8caeca98083bf34512b4ce8c4c7","name":"World Screen","description":"The leading source of information for the international media business.","url":"https:\/\/worldscreen.com\/tvusa\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/worldscreen.com\/tvusa\/wp-json\/wp\/v2\/posts\/3893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/worldscreen.com\/tvusa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldscreen.com\/tvusa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldscreen.com\/tvusa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worldscreen.com\/tvusa\/wp-json\/wp\/v2\/comments?post=3893"}],"version-history":[{"count":0,"href":"https:\/\/worldscreen.com\/tvusa\/wp-json\/wp\/v2\/posts\/3893\/revisions"}],"wp:attachment":[{"href":"https:\/\/worldscreen.com\/tvusa\/wp-json\/wp\/v2\/media?parent=3893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldscreen.com\/tvusa\/wp-json\/wp\/v2\/categories?post=3893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldscreen.com\/tvusa\/wp-json\/wp\/v2\/tags?post=3893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}