Comcast outlines TWC merger benefits to FCC

News Broadband United States 9 APR 2014
Comcast outlines TWC merger benefits to FCC
Comcast announced the filing of applications and a public interest statement on its proposed takeover of Time Warner Cable with the FCC. Earlier, it filed a Hart-Scott-Rodino notification with the Department of Justice, and on 09 April Comcast's public policy officer, David Cohen, will testify before the US Senate Judiciary Committee as part of the regulatory approval process for the deal. 

The FCC filing outlines the expected benefits from the merger, such as enhanced broadband services. "Importantly, we show that these significant benefits are achieved without diminishing competition in video, broadband, phone, programming, advertising, and other markets," Cohen said in a statement. 

Some of the proposed benefits include higher broadband speeds and Comcast's X1 and VoD services for TWC customers. In addition, Comcast pledged to extend the net neutrality commitments it gave at its takeover of Universal also to TWC's business. It will also extend the 'Internet Essentials' programme for low-income households to TWC's footprint. 

Finally, Comcast noted that the two cable operators have no overlap in their networks, as part of the company's plan to divest 3 million customers. This will also keep its market share below 30 percent of TV subscribers.  


 

Categories:

Fixed

Companies:

Comcast,  FCC,  Time Warner Cable

Countries:

United States

Tags:

Regulations, M&A buyouts & divestments

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