Comcast Files Opposition And Response Comments On Time Warner Cable Deal

(RTTNews) - Cable television giant Comcast Corp. (CMCSA, CMCSK) said that it filed its reply comments in the Federal Communications Commission or FCC's consideration of the proposed Comcast and Time Warner Cable transaction and related Charter divestitures.

It continues to believe that these transactions are pro-consumer, pro-competitive, and in the public interest in large part because of the increased investment, innovation, and competition the transactions will generate.

In its reply comments, Comcast further detail how consumers and businesses will benefit from its commitment to invest in infrastructure and promote competition. By spending hundreds of millions of dollars annually to upgrade the Time Warner Cable and Charter networks in newly acquired areas, it will bring Comcast's best-in-class products and services to acquired systems within 36 months of the closing date of the transaction, and some within 12 months.

In its reply comments, Comcast said it specifically and comprehensively address claims that have been made by organizations purporting to represent the public interest, programmers, competitors, and others. Many of these commenters have raised issues that are not transaction-specific and/or are best addressed separately in industry-wide proceedings. Some commenters seek to leverage the transaction for individual company financial interests, while asserting arguments that it has demonstrated consistently don't have any merit.