Comcast Plans $2.5 Billion More in Stock Buybacks

Comcast Corp. is planning to increase its share buyback program by more than 80 percent if investors approve its $45 billion acquisition of Time Warner Cable Inc., boosting shareholder returns.

Comcast will add $2.5 billion to the current plan for $3 billion in 2014 buybacks if shareholders vote for the deal, Chief Financial Officer Michael Angelakis said in an interview. A planned sale of assets to complete the deal may produce cash for even more repurchases, he said.