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ComcastWatch: Raises bank line to $7B

Comcast Corp. boosted the size of its bank credit line to $7 billion from $5 billion, according to a filing with the Securities and Exchange Commission.

The Philadelphia cable television and Internet services provider said it had no balance on that credit line as of Jan. 30.

Is this a case of raising debt when you can, or preparing for some sort of deal?

Comcast is rumored to be a player any time a big media property is up for sale. After all, it is the nation's biggest cable company.

- Mike Armstrong

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This page contains a single entry from the blog posted on February 4, 2008 12:43 PM.

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