FCC shocker for Time Warner Cable - Comcast merger
The Federal Communications Commission has stalled the review of Time Warner Cable and Comcast Corp merger as the agency has not received some of the required documents from Time Warner Cable. The $45 billion merger would combine the two largest cable companies in the country.
FCC had earlier decided to come up with its decision on the merger within 180 days. The review has been paused till January 12, the official statement said. Time Warner Cable had been earlier accused of withholding more than 7,000 documents. The current review by FCC indicated that nearly 31,000 documents were missing from the data requested by FCC.
Earlier as well, FCC had paused the review between October 3 and December 3 as it asked the companies to provide documents. FCC is studying whether the merger of the two largest cable service companies is in public interest.
Comcast spokeswoman Sena Fitzmaurice said that they expect the review to the concluded in early 2015. Fitzmaurice added that Comcast is actively working with FCC to provide any information required for the review.
Time Warner Cable spokesman Bobby Amirshahi said, "We already have provided the FCC more than five million pages of documents and we will continue to provide the FCC everything that they need to review this transaction."
The overall ‘asthma epidemic’ among children has...Read More
People in huge numbers gathered in the Mount Lofty...Read More
As New Year is approaching, people have already...Read More
Alzheimer’s disease, the commonest cause of...Read More
Cases of opioid abuse have been increasing and...Read More
In an announcement made on December 22, cable giant...Read More