Comcast says that it now expects that the FCC and Department of Justice will complete their review of its proposed merger with Time Warner Cable by mid-year.
When the transaction was announced in February 2014, there was some expectation that government regulators would conclude their review by the end of that year or the beginning of 2015. But the FCC recently put its review on pause — for the second time — as it awaits a decision from a federal appeals court on whether dealmaking documents from major media companies can be viewed by other parties. The FCC says that the documents are a necessary part of assessing the merger.
“Given the FCC’s recent decision to pause the shot clock, we have recently reassessed the time frame when we expect the government’s regulatory review to be completed and now expect that the review should be concluded in the middle of the year,” David L. Cohen, executive vice president of Comcast, wrote in a blog post on Wednesday.
Cohen’s blog post was to outline the benefits of the merger to residents of North Carolina, where Comcast will be acquiring TW Cable systems. Cohen wrote that the merger will mean increased Internet speeds offered to subscribers, as well as its upgraded X1 operating platform.