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Time Warner Cable CEO Marcus Says FCC Distracted By Plethora of Mergers

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The merger between Time Warner Cable and Comcast may be delayed because of the plethora of proposed mergers the FCC has to deal with and kinks that need to be worked out regarding net neutrality. Time Warner Cable CEO Rob Marcus discussed the issues stalling Comcast’s potential $45 billion takeover of Time Warner Cable. While it is possible the deal could be concluded by the end of the year, it is likely that negotiations could continue well into 2014, as AT&T and DirecTV have also indicated they intend to join forces and rumors abound of  Sprint and T-Mobile possibly tying the knot.

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Marcus wrote in a memo to TWC employees: “At a minimum, these other deals in the telecom space may put a strain on the resources of the FCC, which is already busy with its proceedings on ‘net neutrality’ and the auction of additional wireless spectrum. In the meantime, recent speculation about mergers and acquisitions in the content world are adding more fuel to the public debate about whether consolidation is good or bad for consumers. While it’s possible that all this noise could impact the review of our deal, we continue to work closely with Comcast on planning for a closing around year-end, understanding that it could take longer.”

However, the delays are not for want of trying. He added that Comcast and TWC’s managements have had over 40 meetings to expedite the deal.



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