Verizon to Buy Wireless Spectrum for $3.6 Billion

Verizon to Buy Wireless Spectrum for $3.6 Billion Play

Dec. 2 (Bloomberg) -- Verizon Wireless, the largest U.S. mobile-phone carrier, agreed to buy wireless spectrum from a group including Comcast Corp. for $3.6 billion. Comcast will get $2.3 billion for the sale, the companies said today in a statement. Other members of the selling group are Time Warner Cable Inc., which gets $1.1 billion, and Bright House Networks LLC, which will receive $189 million. Dominic Chu reports on Bloomberg Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)

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