Comcast has won the battle to merge with AT&T, to create the US’ largest broadband cable provider. The deal, announced last night, ends months of negotiations and sees Comcast emerge victorious over rival bidder AOL Time Warner.
The deal is valued at around $7.2 billion, according to reports, and the Comcast AT&T group will reach a third of all US cable TV homes; this is almost 22 million subscribers, with around 38 million homes passed (able to receive cable services).
AOL Time Warner now becomes the second largest cable operator in the US, although Comcast AT&T is roughly 70% larger in terms of subscribers, according to analysts.
