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Comcast buying Time Warner Cable for $45.2 billion

2014-02-13 10:08 by
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Comcast Corp. agreed to acquire Time Warner Cable Inc. for $45.2 billion, combining the two largest U.S. cable companies in an all-stock transaction. The takeover comes as a surprise after months of public pursuit of Time Warner Cable by smaller rival Charter Communications Inc, and immediately raised questions as to whether it would pass the scrutiny of anti-trust regulators.

"This transaction will create a leading technology and innovation company, differentiated by its ability to deliver ground-breaking products on a superior network while leveraging a national platform to create operating efficiencies and economies of scale," the companies said in a release.

The services Comcast will contribute include 50,000 video-on-demand choices on television, a further 300,000 available for streaming on XfinityTV.com, and its X1 cloud DVR (digital video recorder). Time Warner Cable will add its StartOver service for skipping back to the start of a live program in progress and LookBack, which allows customers to watch programs up to three days after they air. The merger will also add 30,000 new Wi-Fi hotspots to those already available to Comcast customers.

The companies expect to close the deal by the end of the year, subject to approval from shareholders and regulators.

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by Philip - 2014-02-13 19:37
So, it's ok for the two biggest U.S. cable companies to merge, yet they wont let Sprint buy T-Mobile ? Sprint and T-Mobile merger would just help them compete better with AT&T and Verizon.
by anonymous - 2014-02-13 23:12
If t-mobile and sprint combine sprint will mess up t-mobile just like they did nextel heck no sprint sucks we all know it!!!!!!!
by Philip - 2014-02-20 08:53
T-Mobile/MetroPCS need licenses in the lower frequency (700-800-850MHz bands) in more markets. These frequencies have better wall-penetration and coverage in areas far from the towers. It is needed to provide dual-band LTE, only AT&T and Verizon seem to be offering this giving them better reception with fewer dead spots and dropped calls. T-Mobile/MetroPCS seem to be using just 1900MHz in most major markets. Sprint can potentially help them with that, IMHO the current battle is all about who has those lower frequency licenses.
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