Posts: 888 From:Toluca Lake, California Registered: Apr 2000
posted November 17, 2014 03:05 PM
Comcast Pushing Ahead on Time Warner Cable Deal
Comcast Corp. is pushing ahead with its acquisition of Time Warner Cable Inc., despite hiccups in the regulatory review process and looming regulation of the broadband industry that the company worries could discourage future investment in Internet upgrades, Chief Executive Brian Roberts said Wednesday. Comcast has expected the Time Warner Cable deal to be completed “sometime in the first quarter and we still believe that today,” Mr. Roberts said during an event with reporters in San Francisco. He said talk of tighter regulation on broadband providers, embracing the concept known as net neutrality, hasn't dented his interest in the acquisition. “We take it one day at a time. I am excited by TWC as I sit here today. We’re all full steam ahead,” he said. Mr. Roberts said the public-comment period for the deal was slowed when broadcasters disputed a request for documents. He said the review by the Justice Department continued while the dispute is being resolved. One reason Comcast wants Time Warner Cable is to build more of a “national footprint” and compete better with satellite providers, Mr. Roberts said. Satellite services can reach all markets quickly, while cable providers still get franchises one by one, he noted.