Comcast staying course on Time Warner Cable deal, investments despite regulatory uncertainty

Economic Indicators Associated Press

Comcast CEO Brian Roberts says the company is moving "full steam ahead" with its proposed $45 billion acquisition of Time Warner Cable despite the uncertainty raised by President Barack Obama's call for tougher regulations on high-speed Internet service providers.

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As part of its commitment to getting the Time Warner deal done, Roberts says Comcast Corp. still intends to spend about $20 billion during the next two years to improve its Internet service and other products.

Roberts' stay-the-course remarks, made during a presentation Wednesday in San Francisco, contrasted with a cautionary statement from AT&T's CEO Randall Stephenson. In earlier appearance at an investment conference, Stephenson said AT&T Inc. is scaling back on its spending plans until the Federal Communications Commission determines the new rules governing Internet service providers.