Friday, May 22nd23.3°C
24963
25546

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

26255


Recent Trending




Today's Market
S&P TSX15202.36-1.25
S&P CDNX701.07+0.56
DJIA18268.59-17.15
Nasdaq5097.58+6.79
S&P 5002130.21-0.61
CDN Dollar0.8129-0.0065
Gold1205.70+1.30
Oil57.45-1.98
Lumber273.30+3.70
Natural Gas2.891-0.058

 
Okanagan Companies
Pacific Safety0.14+0.00
Knighthawk0.010.00
QHR Technologies Inc1.46+0.01
Cantex0.03-0.01
Anavex Life Sciences0.397+0.025
Metalex Ventures0.09+0.01
Russel Metals25.76-0.06
Copper Mountain Mining1.37-0.04
Colorado Resources0.105+0.005
ReliaBrand Inc0.0048-0.0049
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation2.20+0.60

 



24947

FEATURED Property
1761161959 Regal Road
5 bedrooms 6 baths
$1,495,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...


Squaring the circle

Photo: Thinkstock.comI have been reading about market segmentation and choice. Howard Moskowitz’s research into tomato sauce as retold by Malcom Gladwell on the TED talks (http://www.ted.com/tal...

_



25482

26112


Member of BC Press Council


25895