Constitution and Time Warner Cable agree on $fifty five billion merger

Charter and Time Warner Cable agree on $55 billion merger

Time Warner Cable (TWC) has leaped into the arms Constitution Communications in a merger valued at $fifty five billion, confirming earlier rumors. That is significantly greater than the $forty five billion Comcast proposed to pay for TWC in a controversial deal that was ultimately referred to as off. Constitution stated that the merger will “create a number one broadband providers and know-how firm serving 23.9 million clients in forty one states.” Time Warner Cable rejected an identical supply again in 2014, however Constitution sweetened the deal significantly this time round. The deal values Time Warner Cable at $seventy five.7 billion.

TWC is the nation’s second largest cable operator after Comcast, whereas Constitution Communications sits in fourth place. The phrases of the deal imply that Constitution would additionally take up Vibrant Home Networks, a smaller US operator. If the entire thing comes off, Constitution can be the nation’s second largest operator with 24 million clients, in comparison with 27 million for Comcast. Nevertheless, the deal nonetheless must be accredited by regulators, and the FCC was reportedly set to reject Comcast’s acquisition of TWC over competitors considerations.

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Charter and Time Warner Cable agree on $55 billion merger

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