Charter purchase Time Warner Cable – Voice of America

This is an operation of some $ 79,000 million, which includes the absorption of the debt and the payment of $ 55,330 million.

Offices of Time Warner Cable in San Diego, California.

Voice of America – Editorial

                     05/26/2015
                 

The company Charter Communications announced Tuesday the purchase of Time Warner Cable (TWC) in an operation of about $ 79,000 million.

When excluding debt TWC absorb Charter, it will end up paying $ 55,330 million in cash and stock.

If approved the purchase, Charter, headquartered in Stamford, Connecticut, would become the second largest US cable company with 24 million customers in 41 states.

number one company in the field of communications, Comcast, with about 27.2 million customers-had tried to buy TWC, but gave it up because of the concerns of regulators by the monopoly effect of a merger as well.

Charter is controlled by the legendary billionaire John Malone. Its CEO, Tom Rutledge, said in a statement that the increased scope of the new company “will accelerate the deployment of Internet faster, better video experience latest technology and most comprehensive voice products.”

Theoretically, Charter could also demand better prices for the content of cable networks and certain digital rights to broadcast on the Internet and in videos on-demand

Meanwhile, AT & Dev. T has an agreement to buy DirecTV for $ 48,500 million, in a deal that is expected to be approved soon.

Similarly, the telecommunications company Altice, based in Luxemburg, said it will enter US to buy the operator Suddenlink Communications for about $ 9,100 billion market.

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