Comcast Corp. vowed to help more low-income families connect to the Internet as a top executive began meeting today with U.S. regulators who will review the company’s $45.2 billion bid for competitor Time Warner Cable Inc.
When Netflix agreed to pay Comcast to stream its movies to the Internet service provider's customers without infuriating delays, it essentially yielded to monopolistic extortion. Comcast, which has just agreed to acquire Time Warner Cable, will soon be the biggest ISP in the U.S., and stuttering video transmission to its clients is not an option for Netflix. The outcome, however, is good for consumers: They will not be charged for what they are not buying.
Netflix Inc. has agreed to pay for more-direct access to Comcast Corp.’s broadband network to improve speed and reliability for its video-streaming customers, according to three people familiar with the matter.
Vodafone Group Plc is in talks about increasing its stake in Greek broadband provider Hellas Online SA as it expands Web and video services across Europe, people familiar with the company’s plans said.