Monday, 25 June 2018

Charter confirms $56.7 billion Time Warner Cable acquisition

By Nick Wood, Total Telecom
Tuesday 26 May 15

Cableco amends Bright House deal in order to create company serving 23.9 million customers.

As expected, Charter Communications confirmed on Tuesday it has agreed to acquire rival U.S. cableco Time Warner Cable (TWC) for $56.7 billion. Charter has also amended its $10.4 billion acquisition of Bright House Networks. The combination of all three companies will create a cable provider that serves 23.9 million customers in 41 states, closing the gap on market leader Comcast, which ended March with 27…

As expected, Charter Communications confirmed on Tuesday it has agreed to acquire rival U.S. cableco Time Warner Cable (TWC) for $56.7 billion. Charter has also amended its $10.4 billion acquisition of Bright House Networks. The combination of all three companies will create a cable provider that serves 23.9 million customers in 41 states, closing the gap on market leader Comcast, which ended March with 27…

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