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Comcast To Buy Time Warner Cable In $44.2 Billion All-Stock Deal
symbolset writes "CNBC and many others report Time Warner Cable has agreed to be acquired by Comcast for $44.2 billion. From the article: 'The agreement comes more than eight months after Charter Communictions and Liberty Media made their first foray to try and negotiate a deal to acquire Time Warner Cable (a story broken by CNBC) and follows months of conversations between Time Warner Cable and Comcast about the prospect of a Comcast acquisition of the company. '"
Comcast will just bribe the FCC again
America was fun while it lasts, but if people can keep being bribed to do favors, corruption can inevitably kill a country. We have laws that you can't buy a vote. That seems noble. But the fact is that politicians can accept campaign contributions which is just a fancy word for a bribe. Who needs to buy votes when you can buy a politician?
Again, I love America, but corruption unchecked can destroy any nation no matter how strong. And with campaign contributions running rampant, the game is rigged in favor of the corrupt.
God spoke to me
If these two cable providers don't have overlapping markets, it seems to me they were like a cartel to begin with, dividing the territory between them and entering a do-not-compete agreement, which should have already prompted an anti-trust case.
Hence 1.5m/128k ADSL 'competing' with 10-25m/512k cable internet and 3G/4G capped wireless networks more recently.
ADSL2+ will do near 30/3 on short loops (~1mi) and can be bonded. VSDL gets up into the hundreds of megabits. Mostly, ILECs just aren't interested/serious in competing, and would generally rather have bunches of unused, zero-revenue copper laying around than resell it to someone who *is* interested, because making no money at all is better than "helping" your competitor (who you aren't interested in competing with) by selling them something.