Comcast subscriber spinoff could create a new cable company

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Comcast’s plan to divest itself of 3 million subscribers, which it hopes will help it win approval of a merger with Time Warner Cable, could result in the creation of a new cable company. Rather than selling off territories to existing cable companies, Comcast is considering an option to “[spin] them off in a new publicly traded company,” Bloomberg reported , citing anonymous sources.”Regulators may push for the spin-out because it would create a new competitor,” Bloomberg wrote. “A new company formed in such a way would be the fourth-largest US cable company by subscribers, trailing the merged Comcast-Time Warner Cable, Cox Communications Inc,. and Charter Communications Inc.” Creating a new company with those customers wouldn’t result in more choices for consumers in individual markets. Despite being the two largest cable companies in the US, Comcast and Time Warner Cable don’t compete against each other in any regional territory. Read 2 remaining paragraphs | Comments

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Comcast subscriber spinoff could create a new cable company

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