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Breaking News: CNBC Transcript: Comcast Chairman & CEO Brian Roberts Speaks with CNBC's "Squawk Box" Today

WHEN: Today, Friday, April 24th

WHERE: CNBC's "Squawk Box"

Following is the unofficial transcript of a CNBC interview with Comcast Chairman & CEO Brian Roberts on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today. Following is a link to the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000374058.

All references must be sourced to CNBC.

JOE KERNEN: COMCAST ANNOUNCING IT IS TERMINATING ITS MERGER AGREEMENT WITH TIME WARNER CABLE. JOINING US NOW IS COMCAST CHAIRMAN AND CEO BRIAN ROBERTS. RIGHT OUT OF THE BOX. BRIAN, I THOUGHT IT WAS PRETTY GOOD MATCH. OBVIOUSLY, I AM AN EMPLOYEE OF THE COMPANY AND WOULD HAVE BROUGHT NEW YORK AND LOS ANGELES. SO, EVEN THOUGH WE ARE JOURNALISTS, I'M DISAPPOINTED. I THINK IT WAS WRONG MINDED AND OVERREACHED, BUT YOU CAN TELL US YOURSELF WHAT YOU THINK.

BRIAN ROBERTS: LOOK, OBVIOUSLY, WE WANTED TO BRING THE PRODUCTS THAT WE'VE GOT THAT WE'RE VERY PROUD OF TO NEW MARKETS. BUT IT'S NOT GOING TO HAPPEN. SO, WE REACHED THAT CONCLUSION. WE ALWAYS STRUCTURED THIS DEAL IN A WAY THAT WOULD ALLOW US TO WALK AWAY, IF IT LOOKED LIKE IT WASN'T GOING TO HAPPEN AND THAT'S WHERE WE ARE AT.

KERNEN: WAS THERE A REASON, SO, DID YOU THINK IT WAS 50/50 RIGHT AT THE BEGINNING?

ROBERTS: WE THOUGHT, LOOK –

KERNEN: AND YOU DIDN'T WANT A BREAK UP FEE, THAT'S WHY?

ROBERTS: WE THOUGHT WE COULD GET THE DEAL APPROVED, WE THOUGHT WE COULD MAKE A GOOD CASE. I THINK OUR TEAM DID. BUT IN THE END, WE HAVE TO MOVE ON. SO, THAT'S WHERE WE'RE AT TODAY. I HAVE TO TELL YOU, WE HAVE A FABULOUS COMPANY. I REALLY BELIEVE THAT. WE HAVE HAD, THE THING I'M PROBABLY MOST PROUD OF IS IN THE LAST 14, 15 MONTHS WE HAVE HAD RECORD QUARTERS EVERY SINGLE QUARTER. WE HAVE KEPT OUR EYE ON THE BALL, THE TEAM HAS. AND WE MOVE FORWARD FROM HERE AND, YOU KNOW, THERE'S NO LOOKING BACK.

ANDREW ROSS SORKIN: WHAT DO YOU THINK CHANGED IN THE REGULATORY ENVIRONMENT BETWEEN THE TIME THAT YOU SIGNED UP THE DEAL AND TODAY?

ROBERTS: WELL, I DON'T WANT TO SPECULATE. YOU'VE GOT A LOT OF OPPORTUNITY TO DO THAT. IT WASN'T GOING TO HAPPEN, THAT WAS THE JUDGMENT. WE HEARD AND THE GOVERNMENT HAD REACHED AND, YOU KNOW, WE HAVE TO LIVE WITH IT AND RESPECT THAT AND MOVE ON. AND THAT'S WHERE THE COMPANY IS AT.

SORKIN: WHAT DOES IT MEAN FOR THE COMPANY'S ABILITY TO EXPAND THEN INTO OTHER MARKETS IN TO MAKING OTHER TYPES OF ACQUISITIONS? I MEAN, GIVEN THE SORT OF REGULATORY LANDSCAPE WE'RE NOW LIVING IN.

ROBERTS: WELL, I THINK THAT EVERY DEAL IS UNIQUE. THIS SITUATION WAS AN OPPORTUNITY THAT WE FELT WAS DEFINITELY WORTH TRYING FOR. YOU KNOW, YOU CAN'T DO THINGS IF YOU DON'T TRY. BUT, WE HAVE SO MANY DIVERSE BUSINESSES THAT ARE ALL GROWING RIGHT HERE AT NBCUNIVERSAL. YOU KNOW, WE'VE SEEN FANTASTIC RESULTS SINCE WE BOUGHT THE COMPANY. SO, I THINK WE'RE GOING TO SEE LOTS OF OPPORTUNITIES FROM THE COMPANIES WE'VE GOT, FROM NEW START UPS, FROM THE WORLD. IT'S AN EXCITING TIME. AND I REALLY MEAN IT. I THINK, YOU KNOW, THIS ALLOWS US TO, YOU KNOW, THINK AGAIN. AND, MEANTIME, WE REPORT EARNINGS IN TEN DAYS AND THE MOMENTUM IN OUR COMPANY HAS BEEN GREAT AND I BELIEVE IT'S CONTINUING.

KERNEN: WHEN YOU WERE WATCHING NET NEUTRALITY SITUATION PLAY OUT AND YOU SAW WHEELER, I DON'T KNOW, I DON'T EVEN KNOW HOW TO DESCRIBE WHAT I WAS WITNESSING, WHAT HAPPENED. DID YOU START TO THINK, WOW, THIS IS NOT NECESSARILY GOING TO BE CLEAR SOON. BECAUSE YOU CONTENDED IT WOULD CLOSE IN THE FIRST QUARTER ALL ALONG, WHETHER THAT WAS STILL GOING TO BE – I MEAN, ONCE THAT HAPPENED, DID YOU SAY, ALL BETS ARE OFF WITH NET NEUTRALITY?

ROBERTS: SO I'M GOING TO RESIST THE TEMPTATION TO SPECULATE ON HOW THE PROCESS WORKS EXCEPT TO SAY THAT WE TRIED OUR BEST TO MAKE THE CASE. WE TRULY BELIEVED THAT WE HAVE MANY PUBLIC INTEREST BENEFITS FROM PUTTING THE TWO COMPANIES TOGETHER. BUT WE HAVE TO RESPECT THIS.

KERNEN: WAS IT A WRONG DECISION WITH NET NEUTRALITY? WAS IT AN ANTIQUATED, ANACHRONISTIC DECISION BY AN AGENCY THAT'S LIVING IN THE 30s?

ROBERTS: I'M JUST GOING TO SAY THAT ON OPEN INTERNET I THINK WE BELIEVE THAT IT DOESN'T HELP STIMULATE MORE INVESTMENT TO HAVE MORE RULES. WE DO RESPECT THAT CUSTOMERS WANT CERTAIN OPENNESS AND ABILITY TO GO WHEREVER THEY WANT AND WE HAVE ALWAYS SAID WE'RE FOR THAT. SO, IT'S A, YOU KNOW, IT WAS A CONTROVERSIAL RULEMAKING, NO QUESTION ABOUT IT. AND YOU SEE LOTS OF CONVERSATION AND LITIGATION TAKING PLACE. BUT FROM US, WE'RE TRYING TO MOVE FORWARD AND I REALLY, I'M PROUD OF THE EMPLOYEES. I THANK TIME WARNER CABLE AND THEIR EMPLOYEES. THEY WERE INCREDIBLE TO WORK WITH AND THE FOLKS AT CHARTER AND, YOU KNOW WHAT, ON WE GO.

BECKY QUICK: YOU JUST SAID A MOMENT AGO THAT WHEN YOU LOOK AT IT, YOU'RE EXCITED ABOUT OPPORTUNITIES WITHIN COMCAST COMPANIES, WITHIN START UP WORLD AND WITHIN THE WORLDS IN GENERAL. WE JUST HAD DICK PARSONS ON AND HE WAS TALKING A LITTLE BIT ABOUT HOW THERE ARE MORE ATTRACTIVE OPPORTUNITIES IN BUSINESSES AROUND THE WORLD AT THIS POINT. THERE'S BEEN SPECULATION WHAT WILL COMCAST DO NEXT? ARE YOU TURNING YOUR EYES OVERSEAS AND LOOKING AT OTHER POTENTIAL PLAYS OUTSIDE THE UNITED STATES?

ROBERTS: IT'S, YOU KNOW, TODAY IS ABOUT CLOSURE ON ONE SITUATION. FOCUSING ON THE BUSINESSES THAT WE'VE GOT. WE HAVE ALWAYS FOR 50 YEARS MANAGED TO LOOK AT THINGS AND TRY TO BUILD THE COMPANY, BUILD A SUSTAINABILITY AND ALSO DO GREAT BY SHAREHOLDERS. ANOTHER THING THAT THIS DOES IS THE DEAL WAS GOING TO SLIGHTLY INCREASE OUR LEVERAGE. THAT IS NOW NOT HAPPENING. SO THAT OPENS UP ROOM FOR FURTHER STOCK BUYBACKS. AND I THINK THAT'S AN AREA THAT CERTAINLY WE'RE OPEN TO THINKING ABOUT AND TALKING ABOUT WITH THE BOARD. SO, I REALLY AM OKAY AND LOOKING FORWARD TO WHAT COMES NEXT FOR OUR COMPANY AND IT IS AN EXCITING TIME IN THE MEDIA LANDSCAPE AND THE TELECOM LANDSCAPE, INTERNATIONALLY. BUT AT HOME AND I LOOK AT HOW WELL NBCUNIVERSAL HAS PERFORMED. OR OUR COMPANY RIGHT HERE AND THEME PARKS AND WE'RE BUILDING ALL OVER THE WORLD AND THEN WE JUST SET UP A NEW COMPANY WITH MIKE ANGELAKIS TO GO LOOK FOR NEW INVESTMENT OPPORTUNITIES. SO THERE IS NO LACK OF EXCITING THINGS HAPPENING AT COMCAST AND I REALLY BELIEVE THAT.

KERNEN: PEOPLE WHO FOLLOW COMCAST AND FOLLOW YOU, YOUR FATHER AND JUST THE COMCAST WAY, SAY THEY LOVE DOING BIG DEALS. LOVE DEALS. AND THERE IS NO WAY YOU WILL BE JONESING FOR ANOTHER BIG DEAL SOON. WOULD YOU – WILL A DIFFERENT ADMINISTRATION MAKE IT EASIER TO DO A DEAL IN THE FUTURE? CAN YOU DO ANOTHER DEAL IN THIS COUNTRY OR DO YOU HAVE TO GO ABROAD?

ROBERTS: I THINK EVERY SITUATION IS SPECIFIC TO THAT SITUATION. AND SO I DON'T WANT TO SPECULATE. BUT THE REAL THING WE TRY TO DO IS BUILD A WONDERFUL COMPANY. AND SOMETIMES THERE WERE THINGS IN THIS PROCESS AS IT DRAGGED ON THAT YOU DIDN'T RECOGNIZE THE COMPANY SOMETIMES PEOPLE WERE TALKING ABOUT.

KERNEN: BUT IT WASN'T THROUGH BUYBACKS THAT GOT YOU HERE, BRIAN. IS THAT REALLY WHAT YOU ARE GOING TO DO NOW?

ROBERTS: NO, BUT I THINK WE HAD SAID EVEN BEFORE TIME WARNER CABLE THAT WE FELT THAT WE HAD A WONDERFUL COMPANY THAT WAS COMPLETE IN ALL PARTS OF THE ECOSYSTEM AND I THINK THAT'S DEFINITELY STILL TRUE.

SORKIN: CAN YOU, JUST LOOKING AT THE CRYSTAL BALL FIVE YEARS OUT, WITH COMCAST AND BROADER INDUSTRY – BECAUSE ONE OF THE QUESTIONS WE HAVE BEEN ASKING, HOW ARE REGULATORS AND THE PUBLIC AND CONSUMERS GOING TO FEEL ABOUT THE FACT THIS DEAL DIDN'T HAPPEN FIVE YEARS FROM NOW, GIVEN WHAT THE WORLD WILL LOOK LIKE. WHAT DOES IT LOOK LIKE?

ROBERTS: WELL, ONE OF THE THINGS WE HAVE ALWAYS SAID IS THAT WE DON'T KNOW – OUR CRYSTAL BALL IS NO BETTER THAN ANYBODY ELSE'S CRYSTAL BALL. SO, WE TRY TO HAVE A DIVERSIFIED COMPANY THAT HAS THE BEST NETWORKS. AND, SO, ONE OF THE THINGS THAT I'M – THAT I THINK WILL BE A BY-PRODUCT OF THIS IS ALL THE ENERGY, ALL THE PLANNING. WE DID A TOP TO BOTTOM REVIEW OF EVERY OPERATING POLICY IN THE COMPANY SO THAT WE WOULD BE READY TO IMPLEMENT THEM IN A NEW COMPANY. WE'VE LEARNED A LOT. AND WE ARE A BETTER COMPANY FOR IT. AND WE ARE GOING TO TAKE ALL OF THAT AND REALLY TRY TO HAVE A FASTER BROADBAND, HAVE A CONSTANTLY IMPROVING SERVICE. WE'VE LEARNED SO MUCH ABOUT OURSELVES AND ALL THAT ENERGY IS GOING TO GO TO MAKE OUR PRODUCTS BETTER. I THINK THAT IS WHAT COMES OUT OF THIS AND OUR COMPANY IS IN GREAT SHAPE.

SORKIN: ARE THERE LESSONS IN THIS ABOUT THE COMPANY IN TERMS OF ITS RELATIONSHIP WITH THE GOVERNMENT, QUESTIONS ABOUT BEHAVIOR IN CERTAIN INSTANCES?

ROBERTS: YOU KNOW, I ALWAYS LIKE TO MAKE SURE WE LISTEN CAREFULLY AND LEARN. BUT I JUST THINK THERE IS A, YOU KNOW, THE GOVERNMENT CAME TO ITS CONCLUSION AND WE HAVE TO RESPECT THAT AND MOVE ON.

QUICK: SPEAKING OF THE GOVERNMENT, I SHOULD SAY THAT THERE ARE JUST STATEMENTS FROM BOTH THE DEPARTMENT OF JUSTICE AND THE FCC COMMENTING ON THIS DEAL BEING PULLED. ATTORNEY GENERAL ERIC HOLDER SAYS THE COMPANY'S DECISION TO ABANDON THIS DEAL IS IN THE BEST OUTCOME FOR AMERICAN CONSUMERS. TOM WHEELER SAYING ESSENTIALLY THE SAME THING. RESPONSE TO THAT?

ROBERTS: WELL, I THINK, YOU KNOW, WE RESPECT THEIR JUDGMENT EVEN IF, YOU KNOW, WE DIDN'T GET OUR CASE MADE THE WAY WE SAW IT. AND I DO THINK IT'S BEST FOR US TO MOVE ON. AND THAT'S WHAT WE'RE DOING TODAY AND WE DO IT WITH GENUINE ENTHUSIASM WITH THE MOMENTUM OF THE COMPANY, GREAT COMPANY, AND WE KNEW THIS AT THE BEGINNING. AND THAT'S WHY WE STRUCTURED THE DEAL IN SUCH A WAY THAT WOULD ALLOW US, IF NECESSARY, TO REACH THIS CONCLUSION.

SORKIN: IS IT POSSIBLE TO STILL PICK OFF A PIECE OF THIS IF JOHN MALONE WERE TO LEAVE THIS DEAL AGAIN IN A YEAR FROM NOW? AND COME TO YOU AND SAY, I'LL GIVE YOU NEW YORK?

ROBERTS: I DON'T KNOW.

SORKIN: FROM A SIZE PERSPECTIVE, ARE THERE THINGS THAT YOU THINK YOU COULD STILL TAKE?

ROBERTS: I THINK WE'VE MOVED ON AND WE ARE GOING TO FOCUS ON THE COMPANY WE'VE GOT. AND I'M NOT SPECULATING IN ANY WAY.

QUICK: BRIAN, I REALIZE THAT YOU ARE IN A POSITION WHERE YOU CAN'T TALK VERY SPECIFICALLY ABOUT THE RESULTS THAT ARE COMING TEN DAYS FROM NOW. BUT OVERALL, WHEN YOU START LOOKING AROUND THE COUNTRY AND THE ECONOMY, THERE HAVE BEEN SOME MAJOR QUESTIONS ABOUT THE HEALTH OF THE CONSUMER, ABOUT A DOWN TURN THAT WE SAW IN THE ECONOMY IN SOME LINES OF BUSINESS. WHAT HAVE YOU SEEN?

ROBERTS: WELL, WE HAVE, I'M TRYING TO THINK GENERALLY. WE HAVE FELT THAT OUR MOMENTUM HAS CONTINUED BECAUSE I THINK WE MADE A LOT OF INVESTMENTS. AND THAT THE STRATEGY THAT ISN'T ALWAYS IN VOGUE AT ANY ONE MOMENT IS TO REALLY INVEST IN YOUR BUSINESS. AND WHEN WE BOUGHT NBCUNIVERSAL FOR INSTANCE, WE FELT THERE WAS A REAL OPPORTUNITY TO INVEST IN THEME PARKS. WE OBVIOUSLY HAVE THE MOST SUCCESSFUL MOVIE IN UNIVERSAL'S HISTORY RIGHT NOW WITH "FAST SEVEN." INCREDIBLE JOB BY THE TEAM TO DO THAT. WE HAVE THE FASTEST WI-FI ANYWHERE. AND THAT THE CABLE SHOW, WHICH IS COMING UP NEXT MONTH IN CHICAGO, THERE WILL BE AN OPPORTUNITY FOR US TO TALK ABOUT HOW WE'RE INNOVATING AGAIN, HOW WE'RE IMPROVING SERVICE. AND WE HAVE REALLY BEEN GALVANIZED IN THAT DIRECTION. SO THERE IS A LOT GOING ON IN OUR COMPANY THAT MAY BE DIFFERENT THAN THE ECONOMY IN GENERAL. AND I THINK IT'S HOPEFULLY PAYING OFF QUARTER AFTER QUARTER.

SORKIN: WHAT IS YOUR PERSPECTIVE ON THE UNBUNDLING DEBATE? VERIZON IS IN THE MIDST OF IT. APPLE IS TRYING TO DO IT. I SHOULD ACTUALLY PROBABLY ASK YOU WHERE WE STAND – WE BEING COMCAST – STAND WITH APPLE? THERE WERE SOME REPORTS THAT WE MIGHT NOT BE PART OF THAT. HOW DO YOU SEE THIS ALL PLAYING OUT?

ROBERTS: YOU KNOW, I'VE BEEN PRETTY CONSUMED REALLY, REALLY WITH MAKING THIS DECISION FOR COMCAST. SO I WAS LISTENING THIS MORNING TO THE DEBATE. BUT I THINK THERE ARE EXISTING CONTRACTS. AND I THINK DICK PARSONS SAID IT, THAT THERE'S THE CONTENT COMPANIES HAVE AGREEMENTS, AND WHETHER WHAT THEY ARE DOING RESPECTS THOSE AGREEMENTS OR NOT, I'LL LEAVE TO OTHERS.

KERNEN: BRIAN, THE OTHER SCUTTLEBUTT WAS THAT THERE WERE CERTAIN THINGS THAT WERE AGREED TO THE WITH NBCU ACQUISITION, AND I DON'T KNOW WITH HULU OR THERE WAS – COMCAST DIDN'T ACT IN GOOD FAITH ON CERTAIN ASPECTS OF THAT.

QUICK: I THINK SPECIFICALLY IT WAS THAT –

KERNEN: FROM THE MANAGEMENT DECISION OF HULU –

QUICK: AS PART OF THE AGREEMENT IT WAS SUPPOSED TO BE A SILENT PARTNER AND THERE WERE QUESTIONS –

KERNEN: BUT DID YOU HEAR FROM ANY REGULATORS THAT THEY ARE WORRIED ABOUT COMPLIANCE WITH ANY DEAL THEY HAVE MADE NOW BASED ON WHAT HAPPENED?

ROBERTS: I DON'T WANT TO GO INTO ANY OF THE SPECIFIC CONVERSATIONS WE MAY OR MAY NOT HAVE HAD. BUT I WOULD SAY THIS GENERALLY, THAT WE FEEL WE HAVE ALWAYS TRIED OUR BEST TO COMPLY AND HAVE. THAT WE FEEL THAT IF YOU LOOK AT THE STANDARD OF SOME OF THE COMMITMENTS WE MADE ON NBCUNIVERSAL, SO MANY HAVE EXCEEDED EXPECTATIONS. THERE WAS A REPORT ABOUT INTERNET ESSENTIALS THE OTHER DAY. I HAVE TO TELL YOU, I'M SO PROUD OF THAT PROGRAM. WE'VE GOT 450,000 LOW-INCOME FAMILIES ENJOYING BROADBAND AT A VERY, VERY, VERY LOW PRICE. SO WHEN YOU GET INTO THESE SITUATIONS, A LOT OF THINGS GET IN THE MEDIA THAT YOU JUST CAN'T COMMENT ON AND YOU HAVE TO STICK TO WHO YOU BELIEVE YOU ARE. WE HAVE A VERY SPECIAL COMPANY. YOU MENTIONED MY FATHER EARLIER. HE STARTED THIS COMPANY 50 YEARS AGO, 95 THE OTHER DAY. WE HAVE A GREAT COMPANY. EMPLOYEES LOVE WORKING FOR THE COMPANY, I BELIEVE. AND WE CAN ALWAYS BE BETTER AND WE ARE WORKING HARD TO DO THAT. AND TODAY WE MOVE ON.

KERNEN: WELL, I'VE TOLD ANDREW ABOUT XFINITY. AND HE HAS – BUT YOU'VE GOT TIME WARNER.

SORKIN: TIME WARNER CABLE. THIS IS WHY I WANTED THE DEAL TO HAPPEN. AS A CONSUMER I WANTED THIS DEAL TO HAPPEN.

KERNEN: AND THIS WAS A BIG DEAL FOR HIM.THIS WAS A BIG DEAL FOR HIM AFTER WHAT I TOLD HIM ABOUT XFINITY. AND NO ONE IS MORE DISAPPOINTED. YOU'RE STUCK WITH TIME WARNER STILL. SO YOU WILL NOT BE GETTING –

SORKIN: WELL BRIAN WILL APPRECIATE THIS. THE PR PERSON FOR TIME WARNER CABLE CALLED EARLIER THIS WEEK TO ASK IF I HAD A PROBLEM WITH MY SERVICE.

KERNEN: IT IS NOT GOING TO BEAT XFINITY. DOES IT HAVE SPORTS – CAN YOU PRESS IN LETTERS AND IMMEDIATELY FIND – I HAVE TOLD YOU ABOUT THAT. DID YOU DESIGN THAT?

ROBERTS: NOW YOU HAVE TO MOVE TO ONE OF OUR MARKETS.

SORKIN: WE'VE GOT THE STUDIO HERE. NOW WE ARE GOING TO HAVE TO MOVE TO PHILLY.

KERNEN: YEAH. THANKS TO WHEELER. THANKS, TOM.

QUICK: WELL BRIAN, WE WANT TO THANK YOU VERY MUCH FOR JOINING US TODAY. WE APPRECIATE YOU BEING HERE ON SET, TOO.

ROBERTS: MY PLEASURE. THANKS FOR WHAT YOU GUYS DO.

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