Investor concern about the potential for extra regulatory scrutiny on...
Investor concern about the potential for extra regulatory scrutiny on transactions combining cable operators and competitive local exchange carriers (CLECs) was removed by Monday’s FCC order granting NCTA’s forbearance petition, Guggenheim Partners analyst Paul Gallant wrote in a note to…
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investors. He said the commission’s legal analysis should survive any court challenge to its forbearance order (CD Sept 18 p4), if one materializes. Though expected, the ruling is nonetheless good news for CLECs, Wells Fargo analyst Jennifer Fritzsche wrote in a note to investors. “We do not believe there are specific transactions that were awaiting this ruling, but the ruling does allow for potential future transactions if the cablecos continue to enhance their enterprise offerings or if they become interested in fiber networks outside of their regional footprints,” she wrote.