Comcast Corp. (CMCSA), the biggest U.S. cable provider, named a new head of corporate development and strategy as speculation mounts that the industry’s biggest companies are discussing mergers.
Alexander D. Evans will join Comcast this month as an executive vice president, reporting to Chief Financial Officer Michael Angelakis, the Philadelphia-based company said today in a statement. Evans comes to the company from Providence Equity Partners, where he led the private-equity firm’s New York office and was global co-head of the communications sector.
Along with Charter Communications Inc. and Cox Communications Inc., Comcast has been weighing a bid for Time Warner Cable Inc., the second-largest U.S. cable company, people with knowledge of the matter have said. New York-based Time Warner Cable had climbed 35 percent this year through yesterday on speculation that takeover offers are coming.
Time Warner Cable named its own new mergers-and-acquisitions chief earlier this month. Christian Lee, currently vice president of investments, will assume the post on Dec. 31, taking over for Satish Adige, who is retiring.
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