Comcast vs. the USA: The battle begins

|About: Comcast Corporation (CMCSA)|By:, SA News Editor

Comcast (CMCSA -3.4%) is on the offensive already with the DOJ on why its acquisition of Time Warner Cable TWC should go through.

In addition to shedding 3M subscribers, the company has committed to extend net neutrality to TWC systems and offer regional sports packages to rival Pay-TV providers at a reasonable cost.

Comcast guarantees some carriage of non-commercial educational TV stations - even if they give up their broadcast spectrum.

Expect the company to also argue vociferously that the growth of streaming concerns such as Netflix and Hulu gives consumers the requisite choices.

Though the focus on many is on the Pay-TV side, don't forget about broadband: If Comcast swallows TWC it will control close to half of the triple-play services in the U.S. Gigaom crunches the numbers to find the synergies add much faster on the broadband side as well.

Consumer advocacy groups are already active in pressing politicians for regulatory review on the deal, reports Re/code. It's unlikely that Comcast will pass down savings to consumers if they strike better deals with content providers, they argue.

Shares of TWC trade below $146 as investors discount that regulators will allow the deal in its current form to go through.