Comcast Corp., the nation’s largest U.S. cable company, told regulators it can offer advanced video services and spread high-speed Internet service without harming competition if it’s allowed to buy No. 2 Time Warner Cable Inc.
Comcast Corp.’s purchase of Time Warner Cable Inc. should be blocked by U.S. regulators because the combined entity will be too big and may abuse its market power, said the leader of a company that carries one-fifth of the world’s Web traffic.
Comcast Corp.’s bid to buy Time Warner Cable Inc. may be the opening act for a yearlong festival of telecommunications deals that would alter Internet, phone and TV service for tens of millions of Americans.
T-Mobile US Inc. and Sprint Corp. are pressing U.S. officials to lock in rules that would save them $2 billion or more by blocking bigger rivals from gobbling up smartphone airwaves at an auction next year.