New York State Public Service Commission has revoked its approval for Charter Communications’ 2016 $55 billion Time Warner Cable acquisition, claiming failure to live up to promises.
The $55 billion merger of Charter and Time Warner Cable has been given the green light by the FCC, creating the second largest ISP in the US market. An additional $10 billion deal for Bright House Networks has also been approved.
The FCC has given AT&T the green light to go ahead with its acquisition of pay-TV operator DirecTV, under some strict expectations, which will see the telco bolster its multiplay strategy and customer base.
Charter Communications, the fourth biggest cable company in the US, is expected to formally announce a $55 billion bid for larger rival Time Warner Cable, according to Bloomberg and corroborated by many others
The $45 billion megadeal that will consolidate the US cable market faces yet another delay in its completion thanks to a bunch of documents Time Warner Cable (TWC) has only just presented to the US telco regulator, the FCC, despite the deal first being announced almost a year ago.
Microsoft has written to the US Federal Communications Commission (FCC) urging for its approval of AT&T’s bid for US and Latin American pay TV provider DirecTV.
The potential merger between US cable firms Comcast and Time Warner Cable has been criticised by both video on demand service provider Netflix and the Writer’s Guild of America, East (WGAE).
Two of the biggest cable networks in the US on Thursday agreed to a monster $45.2bn deal that will see Comcast acquire 100 per cent of Time Warner Cable. The transaction will generate approximately $1.5bn in operating efficiencies but will need to be cleared by regulatory and competition authorities.
The seventeen largest cable and telecoms providers in the US (representing around 93% of the market) acquired 579,521 additional broadband subscribers in the third quarter of this year, according to US firm Leichtman Research Group.
In a market where spectrum is becoming an increasingly valuable asset, US carrier Verizon Wireless has secured approval for its purchase of 122 AWS spectrum licences from cable companies Comcast, Time Warner Cable and Bright House Networks for $3.6bn. It will also complete transactions with Leap Wireless, Savary Island Wireless and T-Mobile, after the US Federal Communications Commission (FCC), approved the deals.
The US Department of Justice has given qualified approval to the US operator Verizon’s plan to purchase wireless spectrum holdings from the four largest US cable operators, Comcast, Time Warner Cable, Bright House Networks and Cox Communications. But agreements between Verizon and the cable operators to offer one another’s services must change, the DoJ said, because the plan as hatched “would have harmed competition by diminishing the companies’ incentive to compete.”
Scott, Iain and Pierre get some rare quality time together on this week's guest-free pod. Inevitably the preamble i hhttps://t.co/xICC6oXKEx
27 March 2023 @ 14:03:15 UTC
The @telecoms podcast returns this week with @bt_uk, @Huawei and vRAN. Watch or listen to the full episode here: hhttps://t.co/QDbK0icgcd
27 March 2023 @ 12:47:37 UTC
Executive headhunters are reportedly helping UK incumbent BT find its next willing victim to take on the top job. https://t.co/X41c7tiJvE
27 March 2023 @ 12:44:26 UTC
