UBS: Comcast executives talk up Verizon pact

Comcast executives Monday known as their multi-big pact with Verizon inked late a week ago a major event somewhat around the scale of obtaining of NBCUniversal."Discuss content, you have NBC. And wireless, you have this. In perpetuity," stated chief financial officer Michael Angelakis. "This can be a deal forever. We do not have to purchase creating a wireless network. We are really not going to get a wireless network. The correct answer is a substantial transaction," he told traders in the UBS Global Media and Communications Conference.The Comcast presentation was added late a week ago to some packed roster and came the expected crowd. A UBS repetition stated a couple of,000 were registered for that annual event.Time Warner Cable also presented a couple of days following the nation's two biggest cable companies together with more compact player Vibrant House Systems offered wireless spectrum to Verizon for $3.6 billion. The cable and telco companies will market each other peoples items and services and collaborate on new technology.Obviously in dollar terms there is a huge difference -- the NBCUniversal deal was worth about $30 billion. However the proper significance from the Verizon deal can not be overstated, executives stated.Besides finally ushering in the time of the quadruple play -- video, high-speed internet, landline and mobile phone -- Comcast and Verizon will take their heads together "and determine the easiest method to integrate wireless, broadband, Internet," stated Comcast Cable prexy Neil Smit. "Watching a relevant video in your wireless products, then returning to it in your house. New products together with your Comcast (subscription), new innovationswill emerge from that side from the deal."It might take up to and including year for government bodies to approve the purchase from the spectrum licenses.Additionally to offering the advantages of the Verizon pact, Angelakis offered an update on Comcast's look at its NBCUniversal acquisition because the deal approaches the main one-year anniversary of their closing the following month.InchWe now have run the (NBCU) for virtually 10 several weeks," he stated. "There is plenty of change, plenty of activity. It's gone very well, gone based on plan," noted Angelakis. He stated he's passionate concerning the biz -- especially amusement parks -- and also the professional team in position.But clearly, they'd be a great deal more happy if NBC wasn't last one of the top four tv stations.The NBC network and Telemundo -- a distant second to rival The spanish language-lingo broadcaster Univision -- "are challenges for all of us. (But) I believe we are trading at level where we are able to purchase success," he stated. Which includes original programming around the cable and broadcast side.Winning FIFA privileges -- two World Cups and 100s of soccer matches -- he stated, is really a "game changer" for Telemundo. Securing up Olympic games privileges with the 2020 games also solidifies NBC's hang on a vital franchise."NBCUniversal, from a marketing perspective, is supporting perfectly. There is a large first quarter using the Super Bowl approaching (and also the summer time) Olympic games. So NBC overall is feeling very good about advertising approaching," he stated.For Universal: "The film clients are popular driven business, we realize that,Inch he stated. Contact the range newsroom at news@variety.com