Time Warner Cable and Comcast will go before the Senate Judiciary Committee on March 26 to discuss their merger plans, Sen. Patrick Leahy (D-VT) announced on Monday.
Comcast announced earlier this month that it plans to merge with Time Warner Cable in a deal valued at $45.2 billion. The deal would combine the two largest cable providers in the US, but speculation abounds that several antitrust concerns will need to be remedied before it's approved.
In a statement on Monday, Sen. Leahy said that the merger "touches on important policy questions about how Americans access these valuable [TV and Internet] services." His remarks were followed by Sen. Amy Klobuchar (D-Minn), chair of the Subcommittee on Antitrust Competition Policy and Consumer Rights, who said that she plans "to carefully scrutinize these aspects of the proposed agreement."
Interestingly, the discussion might extend to Net Neutrality. In his statement, Sen. Leahy said that the hearing will allow the panel "to discuss net neutrality principles that have allowed the Internet to remain an open marketplace for ideas."
(Via Reuters)
No comments:
Post a Comment