Consolidation
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Consolidation Coming to Cable Industry?
8/28/09 at 3:13 PM by Bernie Arnason
Comcast got a big victory today with the D.C. Circuit Court of Appeals tossing out the FCC’s cable ownership cap of 30%. The 30% cap barred cable companies from serving over 30% of multichannel video programming subscribers nationwide. Comcast is the only cable ...
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CenturyTel to Acquire Embarq
10/27/08 at 8:19 AM by Telecompetitor  Consolidation among telephone companies continues with the announcement by CenturyTel of their pending acquisition of Embarq. CenturyTel will buy Embarq in an all stock transaction valued at $11.6 billion, including the assumption of $5.8 billion of Embarq debt. Based on the closing stock price for CenturyTel on October 24, 2008, this consideration values Embarq shares at $40.42, a 36% premium over Embarq’s closing ...
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