It's a lot like putting another jigsaw piece in place: Comcast
Patriot, which serves about 81,000 subscribers in the Garden State's relatively affluent Somerset, Hunterdon, Mercer, and Morris counties, will complement Comcast's existing coverage in northern New Jersey. Comcast has long operated a "super cluster" that extends from Virginia to the northern New Jersey portion of metropolitan New York.
Comcast has considered it important to fill its coverage hole, given telephone company Verizon's
Comcast, with slightly more than 24 million video subscribers and 11.5 million data customers, now also provides Internet protocol telephony to about 2.5 million subscribers. It is easily the largest member of the cable group, whose publicly held multisystems operator (MSO) contingent includes Time Warner Cable
However, Comcast, Time Warner Cable, and privately held Cox Communications may recently have been dealt a blow from new FCC privacy rules, which some communications lawyers maintain will preclude the companies from sharing customer data with Sprint Nextel,
So this one warrants watching. I've followed the cable operators long enough to be able to observe that Comcast's Patriot acquisition will be strategic to the company and that the company -- and its partners -- likely will be successful in negotiating the FCC's latest speed bump. And I continue to believe that Comcast should be prominent on the radar screens of Fools with an appreciation for solid franchises and unusually strong management teams.
For related Foolishness:
See what other everyday investors think about Comcast and thousands of other stocks by taking a peek at Motley Fool CAPS, the Fool's investor-intelligence community that's open to everyone.
Fool contributor David Lee Smith does not own shares in any of the companies mentioned. He welcomes your questions or comments.