Items tagged with (NASDAQ:CMCSA)

Comcast's proposed $45.2 billion acquisition of Time Warner Cable hit a brick wall when the Federal Communications Commission recommended what's called a "hearing designation order," a procedural move that tasks an administrative law judge to determine if a merger would be in the best interest of the people. Rather than go down that road, Comcast bailed on the deal, taking a $32 million hit in the process. As to Time Warner Cable, it looks as though Charter may make a run at the cable company.There are multiple reports that Charter is formulating a plan to bid on TWC, and if accepted, it would create a cable giant with 15.6 million video subscribers and 16.4 million broadband customers. For the... Read more...
Had things gone to plan, Comcast would be celebrating the thumbs up by the Federal Communications Commission to proceed with its proposed $45 billion acquisition of Time Warner Cable (TWC). But it didn't go down that way. The merger received intense criticism and opposition from the get-go, and instead of giving Comcast the go ahead, the FCC said the matter had to be settled in court. That prompted Comcast and TWC to throw in the towel and count their losses, all 32 million+ of them. Yes, the telecoms reportedly spent over $32 million lobbying Washington in hopes of approving the merger. And had they lobbying worked, it would have been a small price to pay in the grand scheme of things. But it... Read more...
From the moment the proposed $45 billion Comcast-Time Warner Cable (TWC) merger was announced over a year ago, many consumers were understandably worried about what that would mean for competition in the broadband and TV markets, not mention how it would affect their bills each month. Add that in with the fact that both companies have customer service rating that rank near the bottom and that Comcast is a two-time winner of The Consumerist’s “Worst Company in America” award, it shouldn’t come as a surprise that many have been skeptical of the deal actually passing muster with regulators. Thankfully, we started hearing more of the government’s concerns over the past week with sources within the... Read more...
If Comcast and Time Warner Cable have a Plan B, they may want to consider implementing it. Just as was expected would happen, the Federal Communication Commission's staff reportedly recommended what's called a "hearing designation order" to determine if the proposed $42.5 billion Comcast-TWC merger is within the best interest of consumers.A hearing designation order is an undesirable procedural move in which an administrative law judge would ultimately decide on the fate of the proposed merger. And while the FCC hasn't come right out and said it opposed the deal, this can be viewed as a strong sign that it's not on board with the idea of these two cable titans teaming up. This is the same move... Read more...
The opposition to the $45 billion Comcast-Time Warner Cable merger is growing. Late last week, we reported that the Department of Justice (DOJ) antitrust division is damn near close to recommending that the deal be nuked. The DOJ’s recommendations could ultimately lead to a lawsuit aimed at stopping the deal in its tracks. For its part, Comcast contends that a merger with TWC would be good for consumers. “There is no basis for a lawsuit to block the transaction,” said Comcast spokeswoman Sena Fitzmaurice last week. Fitzmaurice went on to add that the deal would “result in significant consumer benefits -- faster broadband speeds, access to a superior video experience, and more competition in business... Read more...
It’s funny how a little bit of competition will force a company to wake up realize that its customers have compelling alternative services to consider. We’ve seen that in the past as both AT&T and Time Warner Cable have responded to Google setting up camp in cities across the country with Google Fiber. Comcast even succumbed to the pressure in Atlanta, announcing its 2Gbps Gigabit Pro fiber Internet service in Atlanta (it only did so after Google Fiber was confirmed to be coming to the area). The competition is now forcing Comcast’s hand in the San Francisco Bay Area. The company announced yesterday that its Gigabit Pro service will now be offered in Central and Northern California beginning... Read more...
Comcast has spent the past year extolling the benefits of its proposed merger with Time Warner Cable, but many in the tech industry and plenty of customers aren’t so certain that a merger is the right way to go. As we’ve seen time and time again, Comcast’s customer service is often atrocious and Time Warner Cable isn’t much better. Both companies have been slow to innovate when it comes to offering customers new services and faster Internet speeds and when they do, it’s only because newer competition — like Google — forced their hand. It is now looking like the U.S. Department of Justice (DOJ) is the latest to jump on the anti-Comcast bandwagon, and with good reason. According to a new Bloomberg... Read more...
Google Fiber offers a bunch of awesome benefits to its customers that makes the rest of us jealous: 1Gbps speed - down and up - unlimited bandwidth, and fair pricing. There's another benefit though that might not be as obvious: it kicks other ISPs into gear. This is something that can both please and anger people. If you're in a Google Fiber area, any effect the service has on the competition is a good thing. But as an outsider, it's frustrating because not only do you not get access to Google Fiber, but you also don't get access to the lower rates or better speeds your own ISP is offering in that area. Take this, for example. In late January, we reported that Google Fiber would be rolling out... Read more...
Google Fiber (and to perhaps an even greater extent, municipal broadband) has existing players in the broadband market scrambling to step up their game. Earlier this year, Google announced that it would bring its 1 Gbps Google Fiber Internet service to the Charlotte, NC area. Now, Time Warner Cable (TWC) is countering Google’s move into its service area with free speed boosts for customers. Customers currently signed up for Roadrunner Standard (15 Mbps), Extreme (30 Mbps), and Ultimate (50 Mbps) will receive free upgrades to 50 Mbps, 200 Mbps, and 300 Mbps respectively. It’s interesting that TWC is able to add these significant speed upgrades with absolutely no additional charge, and makes us... Read more...
If you have an opinion that many would deem illogical, what do you do? You go find other people who think just as illogically, of course. Power in numbers, as they say. That can go for a sibling battling with another sibling over who took the last of the cupcakes just as well as it can for mega corporations like Comcast which argue that a monopoly is a good thing. Comcast's desire to absorb Time Warner Cable has been a hugely debated topic, with many believing it'd harm innovation and work against consumers, while others -- those on Comcast's side -- state the exact opposite. I say if you have any doubt about which side you're on, just consider how Comcast handles itself now. Need examples? You... Read more...
Google and AT&T have been slowly rolling 1Gbps fiber Internet services across the United States. Google struck the first blow when it launched Google Fiber in Kansas City, Kansas, and AT&T has followed suit as Google Fiber’s shadow in many markets (and in markets where Google is not already available, AT&T has seen fit to price gouge customers). Now, both AT&T and Google are about to get some competition from Comcast, which is set to launch an even faster fiber-based service this year starting in Atlanta, Georgia. Starting next month, 1.5 million Atlanta metro area residents will have access to Gigabit Pro, Comcast’s fiber Internet service that will offer symmetrical (upload/download)... Read more...
Comcast Cares… about its image. Comcast has never ranked highly when it comes to customers satisfaction and is a two-time winner of The Consumerist’s “Worst Company in America” title. The broadcasting/telecommunications giant has come under immense fire in recent months for the way it has treated customers, including changing one customer’s name to “Asshole Brown” on their bill and missing 14 scheduled appointments to install service at a residence. The last incident resulted in Comcast CEO Brian Roberts having a “stern talking to” from him momma. These stories have been a thorn in the side of Comcast, as they usually start out small with an angry tweet from a customer and then go viral as news... Read more...
Comcast is one of only two companies (EA being the other) to be voted by readers of The Consumerist as the "Worst Company in America" on multiple occasions. It's fair to say the cable giant has an ongoing image problem, and Comcast isn't helping itself any by continuing to tick off subscribers, this time by preventing them from accessing HBO Go on their PlayStation 4 consoles. Much to the initial delight of PS4 owners, the HBO Go app arrived on the console on Tuesday. All a user has to do is authenticate the service through a cable or satellite TV subscription and they're good to go. While the service is working great for subscribers to AT&T,... Read more...
It was a year ago this month when cable giant Comcast announced that its board of directors approved a definitive agreement to acquire Time Warner Cable (TWC) in a deal worth about $45 billion. Given the size of the two companies, the possibility of joining forces immediately drew anti-competitive concerns, though a year later, Comcast is confident the deal will get done.As U.S. regulators continue to look into the deal and what impact a merger of two of the largest cable companies in the country would have, Comcast Chief Executive Officer Brian Roberts said during a conference call that there's a lot of information gathering taking place between both sides.Presumably that also includes listening... Read more...
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