Comcast Corp's merger with Time Warner Cable Inc is going "full steam ahead" despite uncertainty around new rules governing net neutrality, Comcast Chief Executive Officer Brian Roberts told reporters on Wednesday. The deal, which would create the largest U.S. cable Internet provider, is in its final phases and remains on track to close, he said at a Comcast press event in San Francisco.Shares in both companies fell sharply on Monday, after President Barack Obama declared that Internet service providers should be regulated like public utilities, touching off protests from cable and telecoms companies. Some analysts thought his comments cast uncertainty over how regulators intended to implement the principle of net neutrality, and in turn cast doubt on the merger deal.
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 1.26% or $1.7/share to $136.48. In the past year, the shares have traded as low as $117.42 and as high as $155.32. On average, 2509730 shares of TWC exchange hands on a given day and today's volume is recorded at 5869371.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.46% or $-0.36/share to $77.68. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 5434340 shares of TWX exchange hands on a given day and today's volume is recorded at 4850147.
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