The U.S. Justice Department on Monday gave antitrust approval to the Charter Communications proposed purchase of Time Warner Cable and Bright House networks, which would create a new and heftier second-largest U.S. broadband provider and third-largest video provider.
Approval by the Federal Communications Commission is expected.
The merger will create a new cable TV industry market structure, with two dominant firms at the top, and then a huge gap to number three, a situation that roughly mirrors the structure of the U.S. fixed line telco industry, where two or three very-large providers lead an industry where all the rest of the providers are much smaller.
In fact, the new U.S. cable TV market structure will look much like the U.S. mobile industry does.
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