Comcast has introduced a proposal to launch a spin-off company that would compete with Comcast following its planned takeover of Time Warner Cable as the cable giant reveals more details on how it plans to appease competition concerns of the deal.
The spin-off firm would be known as GreatLand Connections and hold a customer base of 2.5 million people in 11 states, reports say. The company would be urn by Michael Willner.
Reports say GreatLand will be pitched by Comcast to regulators in efforts to earn clearance for its $45 billion acquisition of TWC.
GreatLand would be the result of Comcast’s agreement with rival Charter to divest 3.9 million subscribers through the spin-off company. Comcast and Charter also agreed on a direct subscriber swap that Comcast said would lower its share of the market to 30 percent.
The agreement would make Charter the second-largest cable company in the nation, just behind the newly combined Comcast and TWC entity.
Full content: The Register
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI