Friday, 22 June 2018

US cable knitting unravels

By Nick Wood, Total Telecom
Friday 24 April 15

Comcast's reported plan to withdraw its Time Warner bid is likely to derail Charter's acquisition of Bright House.

A year-long effort to consolidate the U.S. cable industry will likely come to nothing, with Comcast expected to formally abandon its $45.2 billion bid for Time Warner Cable (TWC) on Friday. [UPDATE: Comcast withdrew from the TWC deal later Friday. Click here for more.] Staunch opposition from competition authorities at the Department of Justice (DoJ) and the Federal Communications Commission (FCC) has led officials at both companies to conclude that pursuing the merger would be impossible, according to sources cited by Bloomberg and The New York Times this week…

A year-long effort to consolidate the U.S. cable industry will likely come to nothing, with Comcast expected to formally abandon its $45.2 billion bid for Time Warner Cable (TWC) on Friday. [UPDATE: Comcast withdrew from the TWC deal later Friday. Click here for more.] Staunch opposition from competition authorities at the Department of Justice (DoJ) and the Federal Communications Commission (FCC) has led officials at both companies to conclude that pursuing the merger would be impossible, according to sources cited by Bloomberg and The New York Times this week…

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