1. Monthly archive
  2. July 2018

July 2018

Comcast Raises Bid for Sky as Regulatory Decision Accelerates Sale Process

Comcast moved quickly to counter 21st Century Fox’s latest bid for Sky, raising its offer to $34 billion on the same day that Fox upped its buyout bid for the European satellite TV provider. Comcast said its higher bid has been recommended by Sky’s committee of independent directors evaluating the swirl of bidding for the satcaster. Earlier July 11, the same committee recommended Fox’s higher bid but reversed course after receiving the outline of Comcast’s higher offer.

CBO Scores HR 3776, Cyber Diplomacy Act of 2018

The Cyber Diplomacy Act of 2018 (HR 3776) would codify the role and responsibilities of an existing office within the Department of State that works to advance US interests in cyberspace and coordinates US efforts to promote open, reliable, and secure communications technology. In addition, the act would require the US Government Accountability Office (GAO) to assess and report to the Congress on the extent to which international actors threaten the personal information of US citizens and the department’s efforts to protect such personal information.

Economists Put the Tab at $61 Billion to Bring Fiber Broadband to Rural US

The cost to deploy fiber to unserved US rural areas is about $61 billion, said Jim Stegeman, president of CostQuest Associates, an economic consultancy that specializes in telecommunication. CostQuest created the cost model used to determine broadband deployment costs for the Connect America Fund (CAF) subsidy program. The $61 billion estimated cost to deploy fiber to unserved U.S. rural areas is based on deploying GPON fiber-to-the-premises technology and does not include ongoing operational costs. Stegeman is the co-author, along with Steve G.

House Commerce Democrats Want Further GAO Review of TV Sharing Deals

House Commerce Committee Ranking Member Frank Pallone (D-NJ) and Communications Subcommittee Ranking Member Mike Doyle (D-PA) want the General Accountability Office to look into the impact of various local broadcaster sharing agreements on competition, localism, and diversity.

Senators urge Department of Justice to review Comcast bid for Fox

A group of senators is urging the Justice Department to scrutinize Comcast’s $65 billion bid to buy much of 21st Century Fox. The senators wrote to Makan Delrahim, the head of the Justice Department’s antitrust division, asking him to review whether Comcast would be able to use Fox’s entertainment offerings to suppress its competitors.

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