Comcast has refused a deal on 45 billion dollars
Comcast Corp. and Time Warner Cable Inc on Friday announced they were losing 45 with a billion-dollar deal to merge the companies. The reason was the statement of employees of the antimonopoly committee. According to them, the deal will give Comcast an unfair advantage in the Internet services market.
The Department of Justice announced that Comcast had planned to merge the two largest cable companies in the United States and become a monopolist in the field of broadband access services.
The deal succumbed to harsh criticism from some politicians, media leaders and consumer groups. They fear too much control over the actions of Americans on the Internet and watching TV.
FCC Chairman Tom Wheeler says Friday the merger would pose an "unacceptable risk to competition and innovation."
“Of course we would like to serve new cities, but the structure of the deal is such that if the government does not agree, we can easily back out of it,” said Comcast CEO Brian Roberts.
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