Charter Communications' $56.7 billion purchase of Time Warner Cable, and simultaneous $10.4 billion grab of Bright House Networks immediately vaults the company into the No. 2 position among U.S. broadband service providers, and the No. 3 slot for U.S. pay-TV suppliers.
European telecom magnate Patrick Drahi told a French parliamentary hearing Wednesday that Charter Communications' $56.7 billion purchase of Time Warner Cable is actually a win for his burgeoning Altice SA telecom empire.
Charter Communications made it official this week that it's going forward with its $56.7 billion acquisition of Time Warner Cable and its $10.4 billion purchase of Bright House Networks, a three-way deal that will make Charter a bigger threat to ILECs and CLECs in the business market segment.
Pittsburgh-based Penthera Partners says it has now licensed its multiscreen video download software to Charter Communications and Time Warner Cable, while renewing its existing deal with Comcast.
Charter Communications' $56.7 billion bid to buy Time Warner Cable is about more than just the pay-TV and home broadband market--it could also lead to a more assertive push into the wireless realm by the two companies and other cable players, according to financial and industry analysts.
While European telecom magnate Patrick Drahi and his Luxembourg-based firm Altice SA could counter Charter Communications' proposed $56.7 billion takeover of Time Warner Cable, at least one media investment analyst says it's far more likely that he'll turn his attention to another U.S. cable property.
Charter Communications made it official that it will acquire Time Warner Cable for $56.7 billion in cash and stock, a deal that will immediately enhance its fiber reach and Ethernet capabilities for business and wholesale carrier customers.
T-Mobile US is unlikely to strike a deal in the near term with any other cable or telecommunications providers aside from Dish Network, according to a report from Wall Street firm Macquarie Capital.
Charter Communications has officially announced a deal to purchase Time Warner Cable, agreeing to acquire the No. 2 cable operator for $56.7 billion in cash and stock. The deal values TWC at $78.7 billion and comes just 32 days after Comcast walked away from its own $45.2 billion agreement to purchase the company.
Charter Communications is closing in on a long-anticipated acquisition of Time Warner Cable, according to several reports, which peg the overall deal value at $55 billion.