It has been a tumultuous year for internet service providers as the Federal Communications Commission continues to debate on net neutrality laws. But other issues that included customer service gaffes and the potential merge between Time Warner Cable and Comcast have not painted ISPs in a good light. As a result, Time Warner Cable was ranked the worst company in customer satisfaction by the American Consumer Satisfaction Index.
Netflix sheds light on circumstances that lead to 'interconnection' deal with Comcast
Currently undergoing regulatory review, the proposed merger between Comcast and Time Warner Cable isn’t something Netflix is excited about. The Los Gatos, California-based company views the deal as a potential threat to online video distributors (OVDs), according to the “Petition to Deny” it recently filed with the Federal Communications Commission (FCC).
Comcast has announced plans to acquire Time Warner Cable in a stock-for-stock transaction that would total $45.2 billion. The transaction would involve Comcast exchanging 23 percent of its stock, valued at $55.12, for 284.9 million shares of Time Warner Cable stock, valued at $158.82.