CCIA opposes Comcast-TWC merger
The Comcast-Time Warner Cable merger has been opposed by the Computer and Communications Industry Association (CCIA) which has expressed concerns that the merger will potentially reduce competition and will reduce the chances of competitive entry.
The CCIA's opposition of the Comcast-TWC merger was voiced in a letter which the association - including bigwig forms like Microsoft, Google, Facebook, Sprint, T-Mobile, eBay, Dish, and others - has recently written to Sen. Al Franken (D-Minn.). The Senator, who had pressed the CCIA for its views on the merger, has published the letter.
With regard to its opposition of the Comcast-TWC merger, the CCIA said that the opposition underscores an "aggregate view" of its members. The association elaborated that individual companies generally do not voice their concerns in competition investigations because of fear of harming present or prospective business relationships.
Describing the Comcast-TWC merger as an anti-competitive move, CCIA said that the merger will potentially impede innovation which threatens to erode the legacy cable business model. The association asserted that a merged Comcast-TWC would get the ability to discriminate against online competitors to its traditional cable video model.
In its letter, the CCIA said: "CCIA is concerned that this merger poses a significant threat to innovation and competition in many parts of the marketplace, including the layer that most users are familiar with: the websites, platforms and online services that the vast majority of Americans use every day."
Hong Kong-based Cathay Pacific Airways, the largest international airline in Asia, is preparing to lay off as many as 600 employees at its headquarters.
After several years of tentative mutual approaches, US-based chemical manufacturer Huntsman Corporation and Switzerland’s Clariant AG have finally agreed to merger to create an entity with a market value of more than $14 billion.
Mosquito bites are not just a nuisance but can results into a serious public health threat as a single mosquito bite can transmit multiple dangerous viruses, researchers have warned.
Cannes presents an exceptional platform for filmmakers, scriptwriters and artists and some of those talented people have been left out as Cannes announced ban on streaming-only movies.
Austria has announced ban on Full-Face Veil and anyone not following the ruling will be fine Euro 150, starting October. The new legislation has been approved by both the ruling parties.
Ridesharing service Uber has reportedly threatened to fire one of its top self-driving engineers, Anthony Levandowski, if doesn’t cooperate with an ongoing investigation into allegations that he stole trade secrets from his former employer Waymo.