Tuesday, September 1st13.1°C
26775
26758

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

27126


Recent Trending




Today's Market
S&P TSX13602.61-256.51
S&P CDNX553.03-6.45
DJIA16142.20-385.83
Nasdaq4688.05-88.46
S&P 5001928.89-43.29
CDN Dollar0.7603-0.001
Gold1142.80+11.20
Oil47.32-1.88
Lumber233.00-1.20
Natural Gas2.717+0.028

 
Okanagan Companies
Pacific Safety0.185+0.020
Knighthawk0.010.00
QHR Technologies Inc1.18-0.05
Cantex0.04-0.01
Anavex Life Sciences1.32-0.03
Metalex Ventures0.05-0.00
Russel Metals21.67-0.44
Copper Mountain Mining0.61-0.02
Colorado Resources0.075-0.005
ReliaBrand Inc0.0045+0.0005
Sunrise Resources Ltd0.02-0.01
Mission Ready Services0.085+0.015
Decisive Dividend Corp2.62-0.13

 



27509

FEATURED Property
23074231650 Pritchard Drive
3 bedrooms 4 baths
$1,449,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_



26376




Member of BC Press Council


27074