Tuesday, March 31st8.9°C
25326
24949

Comcast makes its case for taking over Time Warner Cable, stresses benefits in gov't filings

WASHINGTON - Comcast is presenting its case for its $45 billion takeover of Time Warner Cable, saying the deal benefits consumers and doesn't limit competition.

It filed hundreds of pages of documents with the Federal Communications Commission on Tuesday after filing a notice Monday with the Justice Department.

On Wednesday, Comcast Corp. executive vice-president David Cohen will testify before the U.S. Senate Judiciary Committee.

Comcast says the $45 billion takeover will allow it to boost Internet speeds for Time Warner Cable Inc. customers, provide better video on demand service and broaden its commitment to "Net neutrality" — the idea that Internet providers should not discriminate against Web traffic.

Comcast says online alternatives have created competition in video, while there is at least one broadband competitor in almost all of its markets.

The Canadian Press


Read more Business News

25621


Recent Trending




Today's Market
S&P TSX14908.39+95.97
S&P CDNX680.33-1.10
DJIA17976.31+263.65
Nasdaq4947.44+56.22
S&P 5002086.24+25.22
CDN Dollar0.7851-0.0035
Gold1178.80-6.00
Oil47.77-0.91
Lumber280.60+1.30
Natural Gas2.62-0.05

 
Okanagan Companies
Pacific Safety0.115-0.010
Knighthawk0.010.00
QHR Technologies Inc1.50+0.00
Cantex0.03-0.01
Anavex Life Sciences0.215-0.004
Metalex Ventures0.04-0.01
Russel Metals24.40-0.10
Copper Mountain Mining1.18+0.05
Colorado Resources0.12-0.01
ReliaBrand Inc0.006-0.001
Sunrise Resources Ltd0.045+0.000
Mission Ready Services0.235-0.020
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
2182741846 Clarance Avenue
5 bedrooms 5 baths
$1,397,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_





25482


Member of BC Press Council


24598