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Comcast to drop Detroit if FCC approves Time Warner merger

2014-10-07 08:33:00| Telecompaper Headlines

(Telecompaper) Comcast has revealed it will pull out of Detroit and other midwestern and southern US communities if the Federal Communications Commission (FCC) green lights its USD 45.2 billion acquisition of number two cable operator Time Warner Cable. In a reply to groups objecting to the proposed merger, Comcast said it would withdraw from some markets, to become what it described as "an urban clustered cable company", above all gaining New York and Los Angeles. In total, the transaction would expand Comcast's video customer base by 7 million. By giving up markets such as Detroit, Minneapolis-St. Paul or Cleveland, Comcast would keep its share below the limit of 30 percent of US pay-TV homes that the company has agreed to honour. If the proposed merger gains regulatory approval, cable subscribers formerly under the Comcast umbrella in cities such as Detroit, Minneapolis and elsewhere would be served by a new company, GreatLand Connections, a joint venture with Charter Communication. However, as Bloomberg points out, GreatLand would start with USD 7.8 billion in debt, equal to about five times its earnings before interest, taxes, depreciation and amortization (EBITDA). 

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FCC pauses 'shot clock' on Comcast-Time Warner Cable merger review

2014-10-04 03:29:35| Telecom - Topix.net

The U.S. Federal Communications Commission on Friday said it will pause its informal "shot-clock" on the review of the proposed $45 billion merger between Comcast Corp and Time Warner Cable Inc. The FCC said it will pause its informal 180-day clock to review the merger until Oct. 29, the new deadline for the public and stakeholders to comment, or until the agency deems Comcast's responses to the regulators' lengthy information request as complete. On Friday, the FCC's review was in day 85 of the 180-day deadline it informally imposes on itself to complete a merger review.

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Time Warner Cable Brings Your Favorite Books to Movies On Demand

2014-09-26 21:08:44| Telecom - Topix.net

Cable customers can enjoy some of the most popular books turned movies in the new Books to Movies category on Movies On Demand. Customers can access over 30 popular titles including J.K. Rowling's Harry Potter series, Cressida Cowell's How to Train Your Dragon , and Rick Riordan's Percy Jackson & the Olympians: The Lightening Thief, by tuning to the Movies On Demand channel, clicking on " Enjoy Better " and selecting " Books to Movies ".

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Time Warner Cable Launches TWC WiFi Network In San Diego

2014-09-18 12:47:16| rfglobalnet Home Page

Time Warner Cable Internet customers in San Diego can now stay connected away from home thanks to the company’s rapidly expanding WiFi network. Recently launched in the San Diego area, TWC WiFi already has more than 300 hotspots locally, with plans to add hundreds of additional hotspots by the end of 2014.

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HII launches US Navys newest Virginia-class John Warner submarine

2014-09-18 01:00:00| Naval Technology

The US Navys Virginia-class submarine John Warner (SSN 785) has been launched into the James River, marking the start of the final outfitting, testing and crew certification phase of construction at the Huntington Ingalls Industries (HII) Newport N

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