And then it just died. Comcast said it is ending its $45.2 billion bid to buy Time Warner Cable and create the nation's largest cable and broadband company. The decision to drop the deal likely clears the way for regulators to approve AT&T $48.5 billion acquisition of DirecTV.
To gain approval for its proposed $45.2 billion takeover of Time Warner Cable, FCC commissioners demanded that Comcast choose between keeping NBCUniversal or its X1 video platform.
Facing intense regulatory pressure, Comcast has killed its proposed acquisition of No. 2 MSO Time Warner Cable and will "move on," Chairman-CEO Brian Roberts said in a statement.
FCC Assistant Wireline Competition Bureau (WCB) Chief Matt DelNero will take over the top position within the bureau when current Bureau Chief Julie Veach leaves the post on May 22, the government agency said.
The digital divide is being sliced in two Western states where a rural telecommunications provider, Nemont Telephone Cooperative of Scobey, Mont., and the city of Santa Fe, N.M., have taken it upon themselves to fill the gap between narrowband and broadband.
As expected, Comcast has announced that it's ending its $45.2 billion quest to buy Time Warner Cable. The termination announcement comes a full 14 months after Comcast originally announced one of the biggest, most controversial media infrastructure deals in history.
USTelecom has taken its position against the FCC's reclassification of broadband as a Title II telecommunications service to the next step, filing a "non-binding statement of issues" with the U.S. Court of Appeals for the D.C. Circuit.
Comcast could announce as soon as Friday that it's walking away from its proposed $45.2 billion takeover of Time Warner Cable, according to Bloomberg.
Amid what now appears to be an insurmountable number of unfriendly locales, California has not embraced the proposed $45.2 billion marriage of Comcast and Time Warner Cable.
T-Mobile US is asking the FCC to require AT&T Mobility to honor T-Mobile's existing roaming agreement with Plateau Wireless in the Southwestern United States. AT&T is in the process of acquiring Plateau Wireless, and T-Mobile has warned that AT&T will increase T-Mobile's roaming costs in the area unless the FCC steps in.