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Comcast agrees to divest customers to Charter
2014-04-28 13:37:00| Telecompaper Headlines
(Telecompaper) Comcast has agreed to transfer 3.9 million cable TV customers to Charter Communications, in an attempt to secure regulatory approval for its proposed takeover of Time Warner Cable. If the deal gets approval, Charter would acquire 1.4 million TWC customers directly, growing its base by over a quarter to 5.7 million and making it the second-largest cable operator in the US. Another 2.5 million Comcast customers will be spun off into a new company 33 percent owned by Charter and to which Charter will provide management services. Comcast will spin off the other 67 percent in the new company to its own shareholders. In addition, Comcast and Charter have agreed to swap 1.6 million customers each in order to better fill in their network footprints. The agreement would ensure that Comcast and TWC's share of the US TV market does not exceed 30 percent after their merger. Comcast would still have almost 30 million customers, after acquiring around a net 7 million from TWC.
Tags: customers
charter
agrees
comcast
Etisalat Agrees Funding for Maroc Telecom Deal
2014-04-28 10:45:59| Telecom - Topix.net
Abu Dhabi's Emirates Telecommunications Corp. has signed a financing deal worth a 3.15 billion with 17 banks to help fund the purchase of a 53%-stake in Maroc Telecom from France's Vivendi SA.
Tags: deal
funding
telecom
agrees
Slovakia agrees to Ukraine gas link
2014-04-27 12:39:29| BBC News | Business | UK Edition
A new deal will allow a limited amount of central European gas to flow to Ukraine via Slovakia.
Tags: link
gas
ukraine
slovakia
US: MillerCoors agrees three-year FX Networks tie-up
2014-04-25 16:36:24| Daily beverage news and comment - from just-drinks.com
MillerCoors has signed a three-year deal to be the official beer sponsor of FX Networks, the cable TV unit of Rupert Murdoch's 21st Century Fox.
Tags: networks
agrees
tieup
threeyear
America Movil agrees bid to take control of Telekom Austria
2014-04-24 09:46:00| Telecompaper Headlines
(Telecompaper) America Movil announced plans to launch a takeover bid for the rest of Telekom Austria, as part of a proposed shareholders agreement with the Austrian state. The Mexican company already holds 26.8 percent of the shares and plans to offer EUR 7.15 per share for the remaining shares not held by OIAG, the state holding company that will maintain 25 percent plus one share in Telekom Austria. The operator's stock rose almost 7 percent to the bid price the day after the agreement was struck. In addition to the blocking stake, the state maintained the right to nominate the CEO and chairman of Telekom Austria, as well as guarantees on maintaining the head office in Austria, the group's Austrian brands, the quality of the network and the stock listing on the Vienna exchange. America Movil will gain operational control of the group and agreed to support its share of a EUR 1 billion rights issue to increase the operator's capacity for investment and possible acquisitions in eastern Europe. The rights issue will take place after the public bid; both still require regulatory and shareholder approval. The shareholders pact between America Movil and the state will run for ten years, with an option for a five-year extension.
Tags: control
america
austria
bid
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