Comcast CEO Brian Roberts told financial analysts he saw no ‘bott...
Comcast CEO Brian Roberts told financial analysts he saw no “bottleneck” to competition that would require regulatory intervention. Speaking at a Smith Barney conference in Ariz., Roberts said he thought the most likely scenario was for less regulation of…
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new technology such as VoIP. “I think the model that the government intelligently chose, which is to promote competition, to the extent of less regulation as a general rule for a lot of businesses… is really working,” Roberts said: “Where is the bottleneck facility? I don’t see it.” He predicted the old AT&T Broadband cable systems would achieve 40% margins this year, matching Comcast’s systems. He said the company was reaching the “so-called promised land of free cash flow” and he didn’t foresee the company’s having to hit up capital markets the next 5 years. He said he would watch closely how Rupert Murdoch’s News Corp. performed as a competitor. Comcast plans to begin VoIP in Philadelphia, Indianapolis, Conn. and Mass. this year, Roberts said.