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S&P lifts Comcast ratings on NBCU stake buy

2013-02-15 01:00:00| Total Telecom industry news

U.S. cable giant's high-bandwidth network able to fend off threat from satellite, telco rivals, says ratings firm.

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Stocks rise on Comcast deal, strong U.S. earnings

2013-02-13 16:54:04| Industrial Machines - Topix.net

Stocks are edging higher in the early going after strong U.S. earnings and General Electric's sale of its remaining NBCUniversal stake.

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Comcast to buy rest of NBCUniversal for USD 16.7 bln

2013-02-13 09:06:00| Telecompaper Headlines

(Telecompaper) US cable operator Comcast has agreed to buy the rest of NBCUniversal from GE for USD 16.7 billion. This includes the remaining 49 percent in the broadcast and production company and properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC's headquarters in New Jersey for USD 1.4 billion. Comcast acquired an initial 51 percent in NBCUniversal two years ago, when it also agreed options to take full control from GE. The latest takeover will be funded with USD 11.4 billion of cash on hand, USD 4.0 billion of senior unsecured notes to be issued to GE, USD 2.0 billion of borrowings under bank credit facilities and USD 725 million of preferred stock to be issued to GE. The takeover is expected to close by the end of the first quarter.

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Comcast to buy GE's stake in NBCUniversal early

2013-02-13 05:39:56| Telecom - Topix.net

In this Friday, Aug. 21, 2009, file photo, the NBC logo glows in neon lights among other iconic signs at its headquarters in New York.

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Comcast to buy GE's stake in NBCUniversal early

2013-02-13 05:39:55| Telecom - Topix.net

Comcast said Tuesday that it's buying the rest of NBCUniversal from General Electric for $16.7 billion, doing so several years early as the cable TV provider takes advantage of low borrowing costs and what CEO Brian Roberts called a "very attractive price." At the same time, Comcast Corp.

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