Netflix
officially comes out
against the
Comcast-TWC merger
In addition to
news on possible price increases, Netflix*on Monday also
officially took a stance
against the proposed $45 billion
merger of
Comcast and Time Warner Cable. In its letter to shareholders released Monday,
Netflix said that a combined Comcast and TWC would "possess even more anticompetitive leverage to charge arbitrary interconnection tolls for access to their customers." To back up its reasoning,
Netflix said that the decline of DSL has made cable Internet the default broadband tech**logy for most Americans and claimed that if the
merger were approved then many American households would have "Comcast as the only option for truly high-speed broadband" that offers service of 10Mbps or higher.
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