DirecTV CEO urges U.S. scrutiny of Comcast-TWC broadband reach
LOS ANGELES Feb 20 (Reuters) - DirecTV Chief Executive Officer Mike White on Thursday called for U.S. regulatory scrutiny of Comcast Corp's proposed purchase of Time Warner Cable Inc and the "effective broadband monopoly" he said it might create in as much as two-thirds of the United States.
White said his company, the nation's largest satellite TV provider, was still determining what position to take with Washington regulators who will review the merger. The deal will be reviewed by the Federal Communications Commission and either the U.S. Department of Justice or the Federal Trade Commission, the two agencies that share antitrust oversight in the United States.
"If the deal is approved as proposed, it clearly represents an unprecedented media concentration in one company," White told analysts on a conference call after DirecTV reported quarterly results.
"One of the challenges is to try and ensure that it is appropriately scrutinized," he said.
Comcast, when it announced the deal on Feb. 13, said it would not reduce competition because the two cable providers do not compete in any markets. Comcast also said the deal would benefit consumers, in part because it would eventually result in higher broadband speeds.
Representatives for Comcast could not immediately be reached for comment on Thursday.
- Six people injured when camera catches fire at 30 Rockefeller Plaza
- Israel holds off on escalating Gaza barrage; West wants truce |
- Russia warns Ukraine after shell crosses border |
- Exclusive: YouTube weighs funding efforts to boost premium content - sources
- 'Excessive' rubbing of engine blades caused F-35 failure: Pentagon