Friday, October 31st8.2°C
23888
23371

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




Recent Trending




Today's Market
S&P TSX14458.69-68.88
S&P CDNX771.65-9.42
DJIA17195.42221.11
Nasdaq4566.138+16.912
S&P 5001994.65+12.35
CDN Dollar0.8919-0.0015
Gold1186.20-12.40
Oil80.93+0.03
Lumber322.40-1.20
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.11+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.045-0.015
Anavex Life Sciences0.1711-0.0089
Metalex Ventures0.0350.00
Russel Metals32.22-0.35
Copper Mountain Mining1.97-0.05
Colorado Resources0.14+0.005
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.375+0.005

 





FEATURED Property
2100605#17 2395 Pleasant Valley Rd.
3 bedrooms 2 baths
$189,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22707