DENVER (AP) — Comcast Corp. is headquartered in Pennsylvania, but Colorado is home to other key players and hundreds of people who work in the industry, so the state is closely watching the company's bid to buy Time Warner Cable Inc. for more than $45 billion.
Colorado-based Liberty Media, for example, is the largest shareholder of Charter Communications, which had tried to acquire Time Warner. On Friday, The Denver Post quoted analyst Matthew Harrigan of Wunderlich Securities as saying Charter may buy cable systems that regulators may ask Comcast to divest in order to buy Time Warner. The Comcast-Time Warner deal is expected to close by year's end, pending shareholder and regulatory approvals.
"I still think Charter and Liberty can be winners if Comcast disposes of some of the systems," Harrigan told The Post. "I think the industry has to consolidate some more even beyond this transaction.
Another analyst, Amy Yong of Macquarie Securities, said the Comcast-Time Warner deal also had implications for Colorado's Dish Network. Dish and DirecTV could be inspired to revive an effort to merge, Yong told The Post.
The Post added that Comcast employs more than 6,500 people in Colorado, and Time Warner operates a large call center in the state. The Post cited an email from Time Warner CEO Rob Marcus to his employees Thursday saying the "vast majority" would keep their jobs.
"Many will also discover new growth opportunities as you progress in your career with the new company," Marcus wrote.