Comcast is presenting its case for its $45 billion takeover of Time Warner Cable, saying the deal benefits consumers and doesn’t limit competition.
It filed hundreds of pages of documents with the Federal Communications Commission on Tuesday after filing a notice Monday with the Justice Department.
On Wednesday, Comcast Corp. executive vice president David Cohen will testify before the U.S. Senate Judiciary Committee.
Comcast says the $45 billion takeover will allow it to boost Internet speeds for Time Warner Cable Inc. customers, provide better video on demand service and broaden its commitment to “Net neutrality” – the idea that Internet providers should not discriminate against Web traffic.
Comcast says online alternatives have created competition in video, while there is at least one broadband competitor in almost all of its markets.
Reuters