Printed from http://www.electronista.com

Rumors persist for Comcast cellular acquisition

updated 03:20 pm EDT, Fri October 26, 2007

Comcast hunting cellular?

Comcast may still be seeking to buy a major cellular company despite past denials, reports suggest. CEO Brian Roberts has told a the participants of a financial conference call that, acknowledging escalating rumors, "it is something we [Comcast] are constantly assessing," even if "there is no new news" regarding a purchase. A year prior, ex-CFO John Alchin flat-out denied any purchase plans, suggesting that they were not even being contemplated.

The subject of the company Comcast would buy and how it would buy it remains speculation, but it is believed that the target would be T-Mobile or Sprint, since these would permit national competition with AT&T and Verizon. Sprint in particular is suggested as a result of low stock value, triggered by problems which resulted in the departure of CEO Gary Forsee. Comcast may decide to make a purchase by itself or with another cable company, such as Time Warner. [via The Wall Street Journal]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News