Skip to content
AnalystLens

COMCAST CORP 8-K Report, Regulation FD Disclosure (Aug 24, 2012)

Reports
Regulation FD
Filing Date
Filed August 24, 2012
Period End
August 24, 2012
Securities
CMCSACCZ
In the record · 2016–202610-K1110-Q328-K167

CMCSA filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 167 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’16May ’16
  2. Leadership change8-K · Dec ’18Dec ’18
  3. Material agreement8-K · Mar ’21Mar ’21
  4. Leadership change8-K · Sep ’25Sep ’25

01—Abstract

Summary

Summary of the 8-K filed August 24, 2012. Cited figures are marked; the original filing is the authoritative source.

Comcast Corporation (CMCSA) announced the completion of the sale of its Advanced Wireless Spectrum (AWS) licenses through its joint venture, SpectrumCo LLC, to Verizon Wireless for $3.6 billiona.

Comcast will receive approximately $2.3 billionb from this transaction, providing a significant cash inflow. This sale is part of a broader strategic arrangement that includes a commercial partnership between the cable companies (including Comcast) and Verizon Wireless, involving the sale of each other's products and potential wholesale services. Furthermore, a technology joint venture has been established to foster innovation in integrating wireline and wireless offerings.

02—Key points

Key Highlights

  1. Comcast received approximately $2.3 billion from the sale of AWS licenses.
  2. The sale of AWS licenses was completed by SpectrumCo LLC, a joint venture of Comcast, Time Warner Cable, and Bright House Networks.
  3. Comcast is entering into a commercial partnership with Verizon Wireless to sell each other's products.
  4. Comcast may have the option to sell Verizon Wireless' service on a wholesale basis in the future.
  5. A new technology joint venture has been formed with Verizon Wireless to develop integrated wireline and wireless products.
  6. These arrangements are subject to a proposed consent decree with the Department of Justice, awaiting court approval.

03—Questions

Frequently Asked Questions

  1. What is the primary financial impact of this filing for Comcast?

    The primary financial impact for Comcast is the receipt of approximately $2.3 billion in cash from the sale of Advanced Wireless Spectrum (AWS) licenses. This represents a significant liquidity event for the company.

  2. What is SpectrumCo LLC?

    SpectrumCo LLC is a joint venture formed by Comcast Corporation, Time Warner Cable, and Bright House Networks, which held and has now sold the Advanced Wireless Spectrum (AWS) licenses.

  3. Besides the sale, what other arrangements have been made with Verizon Wireless?

    Comcast, along with other cable companies, has entered into a commercial partnership with Verizon Wireless. This includes selling each other's products and potentially offering Verizon Wireless services on a wholesale basis. Additionally, a technology joint venture has been established for innovation in wireline and wireless product integration.

  4. Are there any regulatory hurdles for these agreements?

    Yes, these activities are subject to a proposed consent decree with the Department of Justice, which requires approval from the United States District Court for the District of Columbia before they can be fully implemented.

04—Continue

← View all 8-K filings