New Street Research analyst Jonathan Chaplin says it's 80 percent to 85 percent likely that the FCC and U.S. Justice Department will approve Charter Communication's proposed $56.7 billion purchase of Time Warner Cable.
Charter Communications has begun marketing $13.8 billion in loans as part of its planned $56.7 billion purchase of Time Warner Cable, according to Bloomberg, which cited anonymous sources.
Striving to stay operationally viable despite spending 15 out of the last 16 months in regulatory limbo, Time Warner Cable announced the promotion of John Keib to executive VP and COO of residential services.
Time Warner Cable has been targeted for the first complaint under the FCC's new net neutrality rules, which just took effect on June 12.
Pay TV operators have become savvier in recent years, acknowledging that consumer desire for lower priced packages can be a route back into the living room for some customers. So far, Comcast, Time Warner Cable, Dish Network, DirecTV, Cox and Verizon have all offered some form of skinny bundle in order to entice customers back to video products.
Fresh off the regulatory defeat of the $45 billion merger between Comcast and Time Warner Cable, Comcast regulatory affairs chief David L. Cohen is set to host a $2,700-a-plate fundraiser for 2016 Democratic Presidential candidate Hillary Clinton.
DirecTV released a statement Thursday, implying that Time Warner Cable gave its new merger suitor, Charter Communications, a sweetheart deal on regional sports network TWC SportsNet LA.
Charter Communications' $56.7 billion bid to buy Time Warner Cable could spur more widespread Wi-Fi deployments and potentially lead to a new wireless competitor. All of that sounds like great news to Boingo Wireless CTO Derek Peterson.
In the near term, expect Comcast to focus on bite-sized acquisitions, such as last week's purchase of advanced advertising startup Visible World, rather than large mega-mergers, such as the scrubbed $45 billion Time Warner Cable purchase.
Disclosing details of its early regulatory meetings with the FCC in the run up to review of the $57 billion Time Warner Cable merger, Charter Communications said new FCC net neutrality laws will not restrict investments made in its network.