Charter Communications announced it plans to purchase Bright House Networks for $10.4 billion. The deal, which had been rumored in reports earlier this month, would combine the nation's sixth and fourth largest cable operators into a company that Charter said would be the second-largest cable operator in the United States.
Charter's top executives are still working to uphold their end of the complex three-way deal built around the proposed merger of Comcast and Time Warner Cable. But if federal regulators don't approve that deal this spring, Charter executives say they are even more ready than before Comcast proposed the marriage to swoop in and buy TWC themselves.
Charter Communications revealed in its fourth quarter earnings call Thursday that it's dividing its business services division into two separate units, one which will handle small- and medium-sized clients, and another that will handle larger enterprise customers.
Former Insight Communications CEO Michael Willner will serve as chief executive of the new cable company to be owned by Comcast and Charter Communications following Comcast's merger with Time Warner Cable.
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.
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.
While Charter Communications CEO Tom Rutledge said the MSO will continue to look at opportunities for mergers and acquisitions, he told analysts Friday that the MSO is focused on growing its business organically by driving increased penetration of advanced products through its all-digital rollout.
Cable investors who listened to Charter's conference call Tuesday afternoon might've been left with the false impression CEO Tom Rutledge walks on water, while the management team at Time Warner Cable has been asleep at the wheel for the last decade.
Charter Communications and Time Warner Cable executives have close ties, and Charter CEO Tom Rutledge is a former president of TWC. But Rutledge isn't appearing to make efforts publicly to woo TWC to accept Charter's offer to acquire TWC.