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Comcast Going Global?
Eyes bid for UK cable operator...
by Karl Bode 08:54AM Wednesday Jul 25 2007
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Cable 360 notes that Comcast may be eyeing an oversees expansion, and could be bidding on U.K. cable operator Virgin Media.
quote:
The City A.M. newspaper cites a source close to Virgin Media in reporting that Richard Branson's cable company, formerly operating as NTL Telewest, has been approached by 11 parties expressing interest in acquiring the operator, including Comcast. Other interested bidders include Time Warner and private equity firms including Providence, Blackstone and Kohlberg Kravis Roberts (KKR).
They offer a pdf link to the report, which surfaced earlier this week in the British City A.M. newspaper.

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topics flat nest 

china crisis

join:2003-05-28

Fat Wallet

Well they have plenty of cash to spend that's for sure.
»www.multichannel.com/article/CA6462783.html
proletarian2

join:2007-01-08
00000

Again?

They once had and then sold of an interest in the UK.

Shack

join:2002-01-17
Bloomington, IN

Re: Again?

You can say that again.
proletarian2

join:2007-01-08
00000

1 recommendation

They once had and then sold off an interest in the UK.
reelbigfish

join:2002-06-06
Boston, MA
Up until 1998 Comcast had a UK division. Looks like they just want to get back into the market. If they hadn't sold to NTL who knows what would have happened.

tshirt
Premium,MVM
join:2004-07-11
Snohomish, WA
kudos:4
With so many interested parties, a bidding war seems likely.
I would prefer seeing the US cable companies, NOT, spread themselves out, instead concentrating their investment on expanding and improving service within the US.

schmol

join:2001-12-26
Windsor, PA
now they will never get my latency issue fixed here in the USA.

fonzbear2000
Premium
join:2005-08-09
Saint Paul, MN
because then they can go over there and give people the REAL deal they deserve unlike the monopoly ISP's in those countries that overcharge for low speed tiers and put usage caps on their customers

wee96
Your Local Confederate

join:2000-04-12
Clinton Township, MI
I think I'd enjoy transferring to England, I love it over there.

MadMANN3
Premium
join:2005-08-19
kudos:2
Since cable operators are limited to how much of the market they can have in the states, which Comcast is rapidly approaching, they'll just expand where they can.