Comcast Going Global? - Eyes bid for UK cable operator...

Comcast Going Global? - Eyes bid for UK cable operator...
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Comcast Going Global?
Eyes bid for UK cable operator...
(old news - 08:54AM Wednesday Jul 25 2007)
tags: business · cable · Comcast

Cable 360 notes that Comcast may be eyeing an oversees expansion, and could be bidding on U.K. cable operator Virgin Media.

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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china crisis @ 25th Jul 09:02AM:
Fat Wallet

Well they have plenty of cash to spend that's for sure.
»www.multichannel.com/article/CA6462783.html
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proletarian @ 25th Jul 09:05AM:
Again?

They once had and then sold of an interest in the UK.
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proletarian @ 25th Jul 09:05AM:
Again?

They once had and then sold off an interest in the UK.
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reelbigfish @ 25th Jul 09:11AM:
Comcast returns....

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.
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tshirt @ 25th Jul 10:28AM:
this is a bad idea

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.
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Shack @ 25th Jul 11:34AM:
Re: Again?

You can say that again.
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schmol @ 25th Jul 12:26PM:
Great...

now they will never get my latency issue fixed here in the USA.
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fonzbear2000 @ 25th Jul 06:35PM:
i REALLY hope comcast does this!

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
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wee96 @ 25th Jul 07:22PM:
Neat

I think I'd enjoy transferring to England, I love it over there.
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MadMANN @ 26th Jul 07:26PM:
They can only own so much here. . .

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.
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