FCC Says Comcast Will Pay $800,000 to Resolve Probe Stemming From NBCU Acquisition

Jun 28, 2012  •  Post A Comment

The Federal Communications Commission said Comcast will pay $800,000 to resolve a probe of its broadband-related merger conditions stemming from its NBCUniversal acquisition, Reuters reports.

The investigation was launched after the agency was told Comcast wasn’t properly marketing its standalone broadband services, which was in violation of the terms of its NBCUniversal merger, the story notes.

The merger condition required Comcast to offer reasonably priced Internet service to customers who didn’t buy its cable offerings, the piece says.

"The consent decree adopted on Wednesday requires Comcast to pay $800,000 to the U.S. Treasury to resolve the dispute. It also, for the first time in FCC history, extends the merger condition for an additional year," the article reports.

Your Comment

Email (will not be published)