& cplSiteName &

Comcast Filings Show Merger Confidence

Mari Silbey
6/5/2014
50%
50%

Although the merger of Comcast and Time Warner Cable is still under regulatory review, that hasn't stopped Comcast from trying to push critical paperwork through ahead of the deal's approval.

Comcast Corp. (Nasdaq: CMCSA, CMCSK) filed a slew of application requests with the Federal Communications Commission (FCC) Wednesday for the transfer of control or assignment of satellite earth station licenses in numerous markets. Most such requests are typical and routine in merger cases and thus draw little attention.

But the most interesting thing about these filings is that they suggest Comcast is confident enough of its proposed $45 billion acquisition of Time Warner Cable Inc. (NYSE: TWC) to start making operational moves in advance of regulatory approval. The FCC hasn't signed off on these requests, but with the paperwork already filed, it will be easier to do so if and when the merger goes through. A decision from regulators is expected by the end of 2014 or early 2015.

Some of the requests appear to be for transfers from Comcast back to itself. For instance, consider the case of a request for a license transfer from Comcast New Mexico… to Comcast New Mexico.

However, other filings point to Comcast transferring licenses to new entities in markets where the company has agreed to spin off customers if its purchase of Time Warner Cable passes muster. For example, Comcast of Mt. Clemens in Indiana is seeking to transfer its license to Midwest Cable of Muncie. Comcast of Minnesota is looking to do the same with Midwest Cable of Minnesota. Both markets are areas where Comcast plans to divest customers to a new cable entity with Charter Communications Inc. if its deal with Time Warner goes through. (See Charter/Comcast Tap Willner for Spinoff.)

The law firm of Bennet & Bennet noted similar activity from Comcast and Time Warner Cable in April, declaring that "The applicants' filing dismisses various concerns regarding competition." The firm represents cable, telecommunications, and broadcasters, and says its attorneys have experience "working at rural associations such as the Organization for the Promotion and Advancement of Small Telecommunications Companies (Opastco) and the NTCA - The Rural Broadband Association ."

— Mari Silbey, special to Light Reading

(4)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
danielcawrey
50%
50%
danielcawrey,
User Rank: Light Sabre
6/7/2014 | 2:07:23 PM
Re: Homework and IR
Wow, this is a little confusing to the average person what the paper-shuffling really means. But it would seem that Comcast is feeling pretty good about what its lawyers are telling it about the merger. 

I can only imagine that this is going to create a more competitive envronment in the broadband business. This is making me hopeful we'll see the kind of competition that will in turn lower subscription expenses. 
KBode
50%
50%
KBode,
User Rank: Light Sabre
6/6/2014 | 11:32:30 AM
Re: Homework and IR
With forty lobbying firms currently working on this and nearly every politician with the remotest oversight into the approval process receiving oodles of Comcast cash, I'd suggest that Comcast was about as prepared as they could be:

 

http://thehill.com/policy/technology/206891-comcast-goes-for-shock-and-awe#.U34zCphEJd0.twitter

 

I'm guessing it may be the only one of the big three mega mergers to get approval because there's no elimination of a direct competitor.
kq4ym
50%
50%
kq4ym,
User Rank: Light Sabre
6/6/2014 | 10:17:46 AM
Re: Homework and IR
Good points. The public relations angle is certainly important for Comcast to show a "good guy" face to the public as well and the commission. Whether the activity is actually some generous move on Comcast's part of just a giveaway to gain the real big prize is left to one's imagination.
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Light Sabre
6/6/2014 | 3:36:36 AM
Homework and IR
On the one hand, this just goes to show that Comcast has done it's homework.  It's symptomatic of the amount of preparation they have put into the deal to begin with to make sure it gets approved.

And on another hand still, it's all just PR/IR.  They need to make sure that their stock price stays pumped.  Pussyfooting around the merger and taking few to no advance steps would have analysts downgrading them, no doubt.
Light Reading’s Upskill U is a FREE, interactive, online educational resource that delivers must-have education on themes that relate to the overall business transformation taking place in the communications industry.
LIVE NOW!
Friday, December 2, 1:00PM EST
The SDN Approach to IP & Optical Integration
Sterling Perrin, Senior Analyst, Heavy Reading
UPCOMING COURSE SCHEDULE
Friday, December 2, 1:00PM EST
The SDN Approach to IP & Optical Integration
Sterling Perrin, Senior Analyst, Heavy Reading
in association with:
From The Founder
Light Reading today starts a new voyage as part of a larger Enterprise.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
Women in Comms Introduction Videos
Korn Ferry Consultant: How to Find, Cultivate & Be the Best Talent

11|30|16   |   4:10   |   (1) comment


Erin Callaghan, a managing consultant for Korn Ferry Futurestep, shares strategies for companies to improve how they recruit and for women to ensure they don't get lost in the pipeline.
LRTV Custom TV
We Can Make the World More Sustainable

11|29|16   |     |   (0) comments


GeSI is a global e-Sustainability Initiative organization bringing together 40 big multinational companies around the world. According to GeSI's report, information and communication technology can make the world more sustainable. Luis Neves, chairman of GeSI, shared with us his opinion at Ultra-broadband Forum (UBBF2016).
LRTV Custom TV
Finding a New Way to Engage Customers & Drive Revenue

11|29|16   |     |   (0) comments


Mobile revenues are declining. Digicel, a player in the Caribbean telecommunications/entertainment space, has found a new way to engage customers and drive revenue. John Quinn, CTO of Digicel, shared with us its story at Ultra-broadband Forum (UBBF2016)
LRTV Custom TV
Do You Really Need Gigabit Infrastructure?

11|29|16   |     |   (0) comments


Altibox is the biggest fiber-to-the-home (FTTH) player and the largest provider of video and TV in Norway. They started out with zero customers in 2002. Now they have close to half a million households and companies attached to their FTTH business. Nils Arne, CEO of Altibox shared with us their story and insight on 5G at Ultra-broadband Forum (UBBF2016).
LRTV Custom TV
BT’s Openreach Strategy & Its Updates in 2016

11|29|16   |     |   (0) comments


A lot of developments at Openreach this year in terms of strategy and planned investments. Peter Bell, CIO of Openreach BT, shared with us the updates of Openreach at Ultra-broadband Forum (UBBF2016).
LRTV Custom TV
ITU: The Broadband Is Our Future

11|29|16   |     |   (0) comments


At Ultra-broadband Forum, Houlin Zhao, Secretary General of ITU, discussed how important it is for countries, companies and everybody to be working together to help to build the broadband and digital economies (UBBF2016).
LRTV Custom TV
Tackling 5G in Dallas

11|28|16   |     |   (0) comments


Here are our highlights of the 5G North America show in Dallas, Texas with Light Reading's Dan Jones.
LRTV Interviews
Cox Prepping for Virtualization Trials

11|14|16   |     |   (0) comments


In this video interview, Cox's Jeff Finkelstein discusses MSO's plans to test managed business services in early 2017 and tackle Distributed Access Architectures.
LRTV Custom TV
Drivers & Potential of NGP

11|11|16   |     |   (0) comments


ETSI has created an Industry Specification Group to work on Next Generation Protocols (NGP ISG), looking at evolving communications and networking protocols to provide the scale, security, mobility and ease of deployment required for the connected society of the 21st century. The NGP ISG will identify the requirements for next generation protocols and network ...
LRTV Custom TV
Huawei IP 2020 for Future Networks

11|11|16   |     |   (0) comments


Future Networks should satisfy many requirements such as high throughput, extremely low latency, flexible mobility, intrinsic security, networking automation, and so forth. The Chief Architect of Huawei Future Networks addresses a holistic solution, i.e., IP 2020, to achieve these requirements for various future life scenarios (e.g., autonomous driving, tactile ...
LRTV Custom TV
Digital Object Architecture

11|11|16   |     |   (0) comments


Digital Object Architecture provides a basic information infrastructure that can facilitate interoperability between or among different systems, processes, and other information resources, including different identity management systems. Digital objects are networked objects that are named by digital object identifiers and instantiated by an infrastructure service ...
LRTV Custom TV
BT's Openreach Has High Hopes for Long-Reach VDSL

11|11|16   |   06:04   |   (0) comments


Peter Bell, Network Portfolio CIO at BT's access business Openreach, talks about the operator's trial of a new broadband access technology called Long Reach VDSL.
Upcoming Live Events
December 6-8, 2016, The Westin Excelsior, Rome
May 16-17, 2017, Austin Convention Center, Austin, TX
All Upcoming Live Events
Infographics
Hot Topics
AT&T Debuts DirecTV Now on New Video Platform
Mari Silbey, Senior Editor, Cable/Video, 11/28/2016
Apple Seeds 5G? Seeks 'Multi-Gigabit' Chip Designer
Dan Jones, Mobile Editor, 11/30/2016
Altice Plans FTTH for Entire US Footprint
Iain Morris, News Editor, 11/30/2016
Altice FTTH Bill Could Hit Almost $9.6B in US
Iain Morris, News Editor, 12/1/2016
Samsung Bows to Investors, Considers Revamp
Iain Morris, News Editor, 11/29/2016
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
Live Digital Audio

Even when there's a strong pipeline of female talent in the comms industry, it tends to leak all the way to the top. McKinsey & Company says women experience pipeline leakage at three primary points: being unable to enter, being stuck in the middle or being locked out of the top. Each pipeline pain point presents its own challenges, but also opportunities to stop the leak. Wireless operator Sprint is making a conscious effort to improve its own pipeline from new recruits to the C-suite, and it wants the rest of the industry to do the same. In this Women in Comms radio show, WiC Board Member and Sprint Vice President of Enterprise Sales Nelly Pitocco will give us her take on the industry's pipeline challenges. Pitocco, who joined Sprint in May and has spent 20 years in the comms industry, will also offer solutions, share how Sprint is tackling the challenge within its own organization and take your questions live on air.