je.st

Home › charter

Tag: charter

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

Comcast, Time Warner Cable, Charter in subscriber swap three-way

2014-04-28 02:00:00| Total Telecom industry news

U.S. cablecos broker multi-billion-dollar deal to smooth way for Comcast-TWC merger and boost Charter's competitive position.

Tags: time cable charter subscriber

Comcast nears deal with Charter on $18-$20 billion in divestitures: source

2014-04-23 05:27:55| Telecom - Topix.net

Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and is working to reach an accord to sell a portion of those customers to Charter Communications , a source familiar with the matter said Tuesday.

Tags: source deal billion charter