Comcast Corp. (CMCSA:US) said it now expects its planned $45.2 billion acquisition of Time Warner Cable Inc. to be completed early next year.
The expected timing is due to Comcast’s current expectations about regulatory approvals, the Philadelphia-based company said in a filing dated yesterday. Comcast previously said that the transaction may be completed by the end of 2014.
Comcast has been asked by the Federal Communications Commission to provide information on a range of its business practices, from programming agreements with sports leagues to Internet traffic management and data caps imposed on customers.
The FCC’s demand for data, common as part of any agency review of an acquisition, posed many questions to Comcast that get to the heart of objections raised by consumer groups, competitors and some customers. The queries included whether Comcast slows or hinders programming by rivals, has studies about how consumers view the company’s services and how the merger would effect its carriage of local sports broadcasts.
The deal would bring largest U.S. cable provider Comcast an additional 7 million customers, for a total of 29 million residential video subscribers, and a presence in the top two U.S. media markets, New York and Los Angeles.
To contact the reporter on this story: Robert Valpuesta in London at email@example.com
To contact the editors responsible for this story: James Boxell at firstname.lastname@example.org Tom Lavell, Robert Valpuesta