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Investing.com -- Comcast Corp. has received upgrades from Rosenblatt Securities and Deutsche Bank on Tuesday following the company's surprise announcement that it plans to spin off NBCUniversal into a separate publicly traded company.
Bonds backing Charter Communications popped this morning, buoyed by reports of a potential mobile phone partnership with SpaceX as well as the revelation that rival Comcast Corp. plans to split into two publicly traded companies. Charter stock surged after Bloomberg reported that the company is in discussions to route some phone traffic through SpaceX’s direct-to-cell service, which SpaceX already operates in partnership with T-Mobile. This would enable Charter to pivot from its massive and cost
Analyst says media spinoff was long overdue.
Comcast plans to separate NBCUniversal and Sky into a new publicly traded company within a year.
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