Just two days after winning big in an antitrust lawsuit against AT&T, the Justice Department confirmed it is investigating recent agreements made between Verizon Wireless and other cable companies, according to a Washington Post report.
Verizon recently purchased wireless spectrum from Comcast, Time Warner and Bright House Networks for $3.6 billion, the Post reported. A Justice Department spokeswoman confirmed the antitrust division is reviewing the transactions. On Monday, Verizon submitted an application to the Federal Communications Commission to approve the purchase, the Post reported.
A Verizon representative declined comment to the Post, saying the company had not received any information regarding an investigation.
Also on Monday, AT&T released a statement saying it would drop its $39 billion bid to purchase T-Mobile USA. The Justice Department’s Antitrust Division had filed suit to block the merger, saying it would result in an unhealthy concentration in the market.
