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" â€” 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.
Read more Business News
- Record sockeye runPenticton / S. Okanagan - 9:00 am
- Bank robbed, evacuatedKelowna
- Construction hampers businessKelowna
- Accused says he didn't act aloneBC
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.24||-0.01|
|Copper Mountain Mining||3.05||+0.02|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.25||0.00|
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...