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Charter-Time Warner Cable deal could spawn an online video service
2015-05-28 08:43:44| Telecom - Topix.net
Charter Communications Inc executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable Inc, in what would be an unprecedented move in the cable industry. The $56 billion takeover announced on Tuesday would make Charter the No.
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Charter-Time Warner Cable deal could boost Charter's focus on wireless
2015-05-27 20:56:11| Wireless - Topix.net
That's according to a report by Fortune that said if the acquisition gets past regulatory obstacles as analysts expect, it could lay the groundwork for a wireless network that Charter could use to challenge major mobile carriers. Industry analyst Chetan Sharma said Charter will likely look to add mobile voice and data components to its portfolio of products, though he said doing so carries great risk.
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Charter nears US$55 billion deal for Time Warner Cable: source
2015-05-25 19:56:31| Telecom - Topix.net
Charter Communications Inc is nearing a US$55 billion agreement to acquire Time Warner Cable Inc, combining the third- and second-largest U.S. cable operators, a person familiar with the matter said on Monday. REUTERS: Charter Communications Inc is nearing a US$55 billion agreement to acquire Time Warner Cable Inc, combining the third- and second-largest U.S. cable operators, a person familiar with the matter said on Monday.
Charter close to deal to buy Time Warner Cable - report
2015-05-25 19:01:00| Telecompaper Headlines
(Telecompaper) Charter Communications is close to winning the bidding for Time Warner Cable with an offer of USD 55 billion, the Financial Times reports. People familiar with the matter said the two companies were in discussions over the holiday weekend in the US. One person informed on the talks said that Charter was prepared to pay a large premium to secure Time Warner Cable. The company is expected to offer USD 195 per share for TWC in a combination of cash and shares, giving the company an enterprise value of USD 78 billion, including USD 22 billion in debt. As part of the TWC deal, Charter will complete its proposed takeover of Bright House Networks and merge the three groups into a single entity that will have a total of 23 million customers. This would make it the second-largest cable operator in the US, just behind Comcast with 27 million customers. Charter's offer for TWC is 23 percent higher than what Comcast bid last year for the company.
Time Warner Cable Deal Talks Pit Malone Against Protege Drahi
2015-05-23 21:11:50| Telecom - Topix.net
Over the past decade, John Malone has spent more than $50 billion amassing cable and television assets in Europe. Photographer: David Paul Morris/Bloomberg Merger talks over Time Warner Cable Inc. are pitting French-Israeli tycoon Patrick Drahi against his former boss: media mogul John Malone.