Comcast to file application for Time Warner Cable acquisition in March
US conglomerate Comcast plans to submit its application for its proposed takeover of Time Warner Cable to telecoms regulator the Federal Communications Commission (FCC) by the end of March this year, Reuters reports.
The $45 billion deal, which was announced on February 12, is expected to be heavily scrutinised by the FCC, as well as antitrust bodies like the Department of Justice or the Federal Trade Commission.
Comcast is the largest cable operator in the US and a merger between the two companies would see the combined operation take control of a third of the US video market and over a third of the country’s broadband market by subscribers.
Concerns have been voiced by consumer advocates and industry experts that the merged company would have a lot of control over what was shown on American TV.