Items tagged with (nasdaq:cmsa)
For a long time, big cable companies like Charter and Comcast were trying everything to prevent cord cutters from ditching cable TV programming packages and going with internet-only offerings. Those times have passed as the big cable companies, who are also often the only broadband internet providers in an area, have become indifferent on cable subscribers and have stopped offering the discounts customers were previously accustomed to. As the big cable companies are backing off on their discounts for plans, they are also increasing prices on their cable TV subscribers. Bloomberg mentions one subscriber who called Charter when his bill went up $40 monthly. Charter refused to offer any discounts...
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When it comes to a bill that was passed both in the U.S. House and Senate that would kill off FCC rules pertaining to internet privacy, consumers are understandably somewhat upset and confused about what this all actually means. The FCC rules, which were ratified late last year, would require internet service providers (ISPs) to gain consent from customers before sharing or selling web browsing data and other identifiable information with third-parties. Lawmakers in the majority argued that the FCC overstepped its authority and that ISPs were being subject to regulations that don’t apply to companies like Google and Facebook (which both make money based on customer behavior via ads). However,...
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We don’t usually associate Comcast with the word fair, but that’s exactly the term the telecommunications company is using to describe its new plan to expand its restrictive data caps to additional markets across the United States. According to a new report, which has been confirmed by Comcast, customers in nine additional cities will now be subject to 300GB monthly data caps. For these customers, the all-you-can eat data buffet is effectively going away — that is unless you’re willing to pay Comcast even more money. Comcast says that its new 300GB plans will go into effect starting December 1st, and it boldly states in an email to customers, “While we believe that 300 GB is more than enough...
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It looks as though Google isn’t the only big name in tech that plans to resell wireless service as a Mobile Virtual Network Operator (MVNO). According to a new report, Comcast is looking to become an MNVO with the help of none other than America’s largest wireless carrier: Verizon Wireless. In 2011, Comcast a number of other cable companies banded together to sell spectrum licenses to Verizon for nearly $4 billion. Under the arrangement, Comcast reserved the right to resell Verizon’s cellular service in the future if it choose to do so. That time has come, and Comcast is looking to cash in. Verizon CFO Fran Shammo seemed unfazed when presented with the evidence that Comcast was looking to invoke...
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As we originally posted yesterday, Comcast today confirmed that it has abandoned its bid to acquire rival Time Warner Cable for $45 billion. The deal, which was originally announced in February 2014, was questionable at best, but came under more scrutiny in recent weeks. The company issued a brief statement this morning indicating that the merger has been terminated. "Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn’t agree, we could walk away,” said Comcast CEO Brian Roberts. “Comcast NBCUniversal is a unique company with strong momentum. Throughout this entire process, our employees...
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