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FCC Unlikely to Bless a Comcast-TWC Deal, Says Regulator

Published on December 6, 2013
by Maureen Farrell, Amol Sharma and Shalini Ramachandran

Any effort by Comcast Corp. to acquire Time Warner Cable Inc. would face significant hurdles in Washington, according to a Federal Communications Commission official, casting doubt on a cable-industry consolidation scenario that has grabbed Wall Street’s attention.

Comcast, the No. 1 cable provider, measured by subscriber numbers, has been considering a bid for the No. 2 player, Time Warner Cable, which is already being pursued by a smaller cable firm, Charter Communications Inc. But Ajit Pai, a Republican commissioner at the Federal Communications Commission, said in an interview that the Obama administration would be unlikely to approve a combination of Comcast and Time Warner Cable.

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