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.
Patrick Drahi, Altice telecom group's majority shareholder, was in New York Thursday, meeting with top Time Warner Cable executives, including CEO Rob Marcus, to discuss a possible cash-and-stock buyout of the No. 2 cable operator in the U.S.
A young security researcher says he's uncovered a vulnerability in a Charter Communications customer service site that could expose sensitive customer information.
The federal government would prefer a European multinational purchase Time Warner Cable rather than a large U.S. cable company like Charter Communications. This is according to a number of analysts polled in a Thursday Reuters report, the upshot of which was Luxembourg-based telecom conglomerate Altice SA has a better regulatory shot at acquiring TWC than Charter does.
With the recent passage of Title II-based Internet regulation showcasing a heavy-handed political climate in Washington as it relates to cable broadband, Charter Communications will likely run into the same regulatory hurdles that Comcast did if it continues its quest to buy Time Warner Cable.
Injecting a new element of complexity to a cable M&A wave that had been primarily focused on Charter Communications and Time Warner Cable, French telecom group Altice SA announced intentions to pay $9.1 billion for a controlling interest in Suddenlink Communications.