IBEW: Caution Urged in Comcast Merger
February 21, 2014
International Brotherhood of Electrical Workers President Edwin D. Hill today issued the following statement:
“Federal regulators must carefully review the bid by Comcast Communications to acquire Time Warner Cable.
The $45.2 billion deal would create the largest cable provider in the United States, a move that has major implications for the telecommunications industry as a whole.
Regulators need to evaluate several issues related to the merger including: job creation, its impact on innovation in the telecommunications industry and narrowing of consumer choice.
The public interest is best served by open competition, reasonable consumer costs, and a marketplace that encourages new ideas, investment and technology.
The IBEW represents several thousand workers at Comcast and Time Warner Cable and stands ready to engage all interested parties, including management, to best serve the needs of the consumer, job growth and the broader economy.”