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Comcast CEO Brian Roberts. Photo by Drew Angerer/Getty Images.

Comcast executives had a basic theme for investors, during a call that followed the company's $65 billion bid for 21st Century Fox's entertainment assets: Confidence.

Confidence that regulators will approve the deal. Confidence that Comcast shareholders will like the deal. And confidence that the deal will help it expand internationally and compete with streaming giants like Netflix.

Regulatory: Comcast believes regulatory pressure will be limited because 70% of revenue from the acquired assets will be generated outside the United States, whereas most current Comcast revenue is domestic.

"We are confident our deal is as or more likely to receive regulatory approval as the Disney deal."
— Comcast CEO Brian Roberts

Streaming power: Comcast believes this deal would give it the streaming power to take on Netflix. They also want to hold onto Hulu.

"With Fox assets, we would extend our tech capabilities into Europe, India and Latin America."
Steve Burke, CEO of NBCUniversal, which was acquired by Comcast in 2011.

Shareholders: Comcast execs repeatedly stressed how this would be a win for shareholders, despite the steep price.

"The combined company would have $130 billion in revenue and would yield $20 billion of free cash-flow annually."
— Comcast CFO Mike Cavanagh, Comcast's CFO.

International expansion: The addition of new international networks would expand Comcast's subscriber base by 53 million, executives said. 

  • Steve Burke said that Comcast would pick up international streaming assets from Fox, like the remaining 39% of Sky Broadcasting in Europe (it's currently vying to outbid Fox for the other 61%), Star TV and Hot Star Streaming in India and Fox premium in Latin America. 

Go deeper

In photos: D.C. and U.S. states on alert for pre-inauguration violence

National Guard troops stand behind security fencing with the dome of the U.S. Capitol Building behind them, on Jan. 16. Photo: Kent Nishimura / Los Angeles Times via Getty Images

Security has been stepped up in Washington, D.C., and state capitols across the U.S. as authorities brace for potential violence this weekend.

Driving the news: Following the Jan. 6 insurrection at the U.S. Capitol by some supporters of President Trump, the FBI has said there could be armed protests in D.C. and in all 50 state capitols in the run-up to President-elect Joe Biden's inauguration Wednesday.

The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.