NEW YORK (TheStreet) -- Time Warner Cable (TWC) CEO Rob Marcus is pleased with the pace of regulatory inspection of his company's proposed $45.2 billion merger with Comcast (CMCSA) , Marcus said Monday at the UBS Media and Communications Conference in New York. He expects a ruling from government regulators by early 2015.
But as for President Obama's position on how the Internet should be regulated, Marcus is less than satisfied.
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Obama's proposal to regulate the Internet with standards comparable to those used to oversee public utilities "would be a mistake that would cause all sorts of unintended consequences and end up costing customers more for some of those services," Marcus said Monday before investors at the UBS conference.
Marcus took over as CEO at Time Warner Cable in January from longtime chief Glenn Britt.
U.S. consumers need only look at Europe, where "heavy-handed regulation has proven to deter investment and has hampered the delivery of products to customer," Marcus insisted.
On the Federal Communications Commission, Marcus said, "It's best that they would encourage us to invest and not create an environment where we're unsure about investing in higher speeds and the roll-out of additional services."
Marcus noted that he expects the FCC and the Department of Justice to rule on the merger of the country's two largest cable-TV providers sometime after an approval deadline of March 9. Final comments from the public are now due on Dec. 23.