Charter Communications Confirms $79 Billion Bid To Purchase Time Warner Cable
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As a part of Charter’s effort to enhance efficiency by divesting operations in non-strategic places, the company sold sure of its cable systems to Cobridge Communications, an affiliate of The Gores Group, in 2010. The cable methods were situated in Alabama, Arkansas, Georgia, Louisiana, Missouri, Ohio, and Texas. (Constitution no longer operates in Arkansas and Ohio.) The corporate went on to acquire broadband cable assets in Alabama and Georgia in 2011 from Windjammer Communications … Read the rest
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Constitution Communications tells us there is a widespread service outage at the moment affecting clients in the Reno/Sparks space.
This is the fourth time Constitution has tried to acquire Time Warner Cable in the final three years, with this week’s deal only made doable after Comcast abandoned its own $forty five billion merger with TWC resulting from resistance from regulators. Charter’s money-and-inventory deal — valuing Time Warner Cable at $195 a share — will nonetheless need to be permitted by regulators, but in line with reviews from Bloomberg and The Wall Avenue Journal , FCC boss Tom Wheeler not too long ago referred to as the heads of each Constitution and TWC to assure them that despite what occurred with Comcast, there isn’t an outright ban on such mergers.





