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US: Price tag placed on hypothetical Comcast divestitures

By  |  March 31, 2014

The assets Comcast says it is willing to divest to ensure an approved acquisition of Time Warner Cable could be worth about $18 billion, according to a source.

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    Comcast said it will offload three million of its subscribers, which could then be acquired by competing cable companies or even spun-off into its own, new company.

    According to reports, the source valued the proposed divestitures at $18 billion, meaning each customer is worth about $6,000. But ISI analyst Vijay Jayant said that price per customer is likely too high, depending on the market.

    The reports come as Comcast announced Monday it would increase its share buyback program by more than 80 percent as authorities probe its $45 billion buy of Time Warner Cable. That program would not be implemented until Time Warner Cable shareholders approve of the merger.

    Full Content: Reuters

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