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.
AT&T Inc.’s $1.2 billion deal to buy Leap Wireless International Inc. would probably win approval from U.S. regulators, who may demand the company give up airwaves where its holdings surpass federal benchmarks.
President Barack Obama said expanding high-speed Internet networks will help the U. S . compete economically with other countries and pledged to spend more than $15 billion on wireless systems for emergency networks and expanded access to mobile service.