Saturday, February 28th6.1°C
25355
24893

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

23015


Recent Trending




Today's Market
S&P TSX15234.34-6.82
S&P CDNX706.73+5.80
DJIA18132.70-81.72
Nasdaq4963.528-24.362
S&P 5002104.50-6.24
CDN Dollar0.7996+0.0004
Gold1203.00+6.10
Oil52.14+1.53
Lumber297.20+1.20
Natural Gas2.895-0.007

 
Okanagan Companies
Pacific Safety0.12+0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.03
Cantex0.035-0.005
Anavex Life Sciences0.190.00
Metalex Ventures0.035-0.005
Russel Metals25.38+0.08
Copper Mountain Mining1.30+0.04
Colorado Resources0.15+0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.05+0.015
Mission Ready Services0.235+0.025

 



24153

FEATURED Property
2212277329 Quilchena Drive
4 bedrooms 3 baths
$599,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


24697