Comcast might not be able to close the Time Warner Cable acquisition until the end of 2015, and even if it succeeds, the value of Comcast stock may be "reduced and uncertain," Charter Communications said in a proxy statement aimed at convincing TWC investors to reject the Comcast offer.
Time Warner Cable executives jettisoned by a Comcast takeover could end up running their own cable company serving former TWC subscribers that Comcast has to sell off in order to comply with regulatory requirements should the merger go through.
Time Warner Cable will ask TWC shareholders to approve "golden parachute compensation payments that will or may be paid to TWC executives as a result of its plan to merge with the nation's largest cable MSO," according to a Securities and Exchange Commission filing.
Cable operator Charter Communications is eyeing opportunities to offer a wireless broadband service over the next five years that would rely on both unlicensed spectrum such as Wi-Fi and licensed spectrum that the company might purchase.
Charter Communications CEO Tom Rutledge said Monday that he sees opportunities within the next five years for the MSO to offer a broadband product that would rely on both unlicensed spectrum such as Wi-Fi and licensed spectrum that the company could purchase.
Local TV stations would be prohibited from teaming up to negotiate retransmission-consent agreements with pay-TV distributors, under a proposal FCC chairman Tom Wheeler announced Thursday.
The CEO of Charter Communications investor Liberty Media suggested Friday that the company could consider the option of making another run at acquiring Time Warner Cable if Comcast fails to close its merger agreement.
While Charter Communications hasn't yet commercially deployed a cloud-based interactive program guide, the MSO offered a glimpse last week at the user interface that it has been testing since late last year on its cable system in Fort Worth, Texas.
Charter Communications lost 2,000 basic video subscribers in the fourth quarter, while gaining 93,000 broadband and 56,000 voice customers.
Comcast announced that it has struck a deal with Time Warner Cable to acquire the nation's second largest cable MSO for $45.2 billion in stock.