Comcast said that Neil Smit, a former Navy SEAL who has been CEO of its Comcast Cable unit since 2010, will lead operations at the super-sized cable MSO after its merger with Time Warner Cable closes.
Comcast's just-announced $45.2 billion merger with Time Warner Cable could open the door for SoftBank CEO Masayoshi Son to push more forcefully for deal between Sprint and T-Mobile US. The Comcast-TWC merger might also benefit Verizon Wireless, which has been reselling services with each of the cable companies.
Comcast executives said Wednesday that the company expects that it will be able to reduce spending on programming and technology with its acquisition of Time Warner Cable, predicting that the combined company will be able to reduce capital spending by $400 million annually within three years of the deal closing.
Comcast may have been one of the last major cable MSOs to enter the business services space, but its bid to acquire fellow cable operator Time Warner Cable will make it an even more dominant force in the traditionally underserved mid-sized market.
AT&T and Verizon continue to enjoy their status as the two top providers in the U.S. Carrier Ethernet market, but it's clear that cable operators are becoming a bigger factor, according to Vertical Systems Group's latest Ethernet Leaderboard.
Comcast's deal to acquire Time Warner Cable will likely result in the demise of the American Television Alliance, a coalition of pay TV distributors that TWC formed in 2010 to lobby for reform of retransmission-consent rules, an executive at one of ATVA's member companies told FierceCable Thursday.
Apple is still planning to introduce a new Apple TV set-top box in April and it wants content from Time Warner Cable and other potential partners to be part of that launch, according to a Bloomberg report citing unidentified sources.
Comcast announced that it has struck a deal with Time Warner Cable to acquire the nation's second largest cable MSO for $45.2 billion in stock.
Comcast has struck an electronic sell-through deal with Warner Bros. which will see it add "Gravity," "Argo," "The Great Gatsby" and other movies from the studio to its Xfinity On Demand digital store.
In today's spotlight, FierceOnlineVideo takes a look at the technology vendors who are scoring business from Comcast and NBCUniversal's coverage of the Winter Olympics in Sochi.