> Comcast’s $45bn bid for TWC runs into new hurdle

World: Comcast’s $45bn bid for TWC runs into new hurdle

2015/01/31

The change means the number of US families who have no choice in their broadband services provider will climb from 19 % to additional than half. In most cases, that provider will be one of the large cable companies, which have fiercely resisted the change.
The National Cable & Telecommunications Association, an industry lobby group, said the decision was “arbitrary” and “a clear effort to justify and expand the bounds of the FCC’s own authority”.

The FCC split along party lines, with the three Democrats saying the proliferation of mobile devices, video streaming and the “internet of things” meant consumers needed superior internet speeds and Republicans saying 10Mb download speeds were sufficient.

The Department of Justice must decide whether the Comcast-TWC transaction is anti-competitive while the FCC will policy on whether it is in the public interest. Both agencies are taking longer than expected to assess the transaction. Comcast had hoped to complete the transaction by the end of last year, but yesterday it extended its merger agreement with TWC by six months to August 12.

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