Comcast's plan to merge with Time Warner Cable Inc is expected to face criticism from an independent network, small and medium-sized cable operators and a former Internet partner when U.S. lawmakers meet on Thursday for a second time to discuss the controversial deal.The House of Representatives Judiciary Committee's antitrust panel will hear from Comcast Corp Executive Vice President David Cohen.The company argues its proposed $45 billion deal to merge the No. 1 and No. 2 U.S. cable operators would not hurt consumers since the companies overlap geographically in very few places.Among the critics due to testify is Dave Schaeffer, CEO of Cogent Communications Group Inc, which has been a high-speed go-between for Netflix and Comcast. In February, Netflix Inc agreed to pay Comcast an unknown sum to connect directly.
Cogent Communications Group, Inc. is a facilities-based provider of Internet access and Internet Protocol (IP), communications services. Shares of CCOI traded higher by 1.14% or $0.41/share to $36.36. In the past year, the shares have traded as low as $25.90 and as high as $43.50. On average, 618866 shares of CCOI exchange hands on a given day and today's volume is recorded at 879160.
Netflix, Inc. is an Internet television network with more than 33 million members in over 40 countries. Shares of NFLX fell by 1.73% or $-5.65/share to $320.54. In the past year, the shares have traded as low as $205.75 and as high as $458.00. On average, 3218760 shares of NFLX exchange hands on a given day and today's volume is recorded at 3668924.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.07% or $0.1/share to $141.31. In the past year, the shares have traded as low as $92.87 and as high as $147.28. On average, 3561420 shares of TWC exchange hands on a given day and today's volume is recorded at 2071207.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.49% or $0.33/share to $67.82. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5578920 shares of TWX exchange hands on a given day and today's volume is recorded at 5999250.
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