Tomorrow, I have the honor to once again appear before the U.S. Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights. I'll be testifying at a hearing on the proposed spectrum assignment from Comcast and the other SpectrumCo partners to Verizon Wireless. I'm looking forward to presenting the consumer and public interest benefits of this proposed transaction as well as the commercial agreements entered into by the parties when the spectrum assignment was announced.
In my written testimony prepared for the hearing, I detail the consumer benefits of the transaction. This deal provides a quick and efficient path for Comcast to offer wireless services like those that are offered in bundles by AT&T, DIRECTV and other of our competitors. Verizon Wireless will be able to offer customers new options for subscribing to wired video, voice, and high-speed Internet services. And a new research and development joint venture will allow the companies to develop new technologies that compete with similar solutions offered not just by AT&T, but also by DISH Network, Google, Apple, Microsoft, and others.
The spectrum license transfers are consistent with the Communications Act, FCC rules, and the antitrust laws. They also will further the spectrum policy goals of Congress, the Administration, and the National Broadband Plan. Neither the License Assignment nor the Commercial Agreements reduce or harm competition in any product or geographic market. In fact, the agreements will offer further competition and innovation in the marketplace.
Unlike the AT&T-TMobile deal, this transaction involves no consolidation of customers, jobs, assets or operating businesses. It will take spectrum not currently being used and get it to a company that wants to quickly deploy it to consumers. Consumers will benefit from more choice, more competition, and more convenience.