FT: Comcast, Charter could announce $20B customer deal this week

|About: Comcast Corporation (CMCSA)|By:, SA News Editor

Comcast (CMCSA) could this week announce a $20B three-part deal to divest subscribers as part of its attempt to assuage antitrust concerns about its proposed takeover of Time Warner Cable (TWC), the FT reports.

Comcast would sell 1.4M subscribers from TWC's network to Charter (CHTR), while Comcast would also place 2.5M subscribers in a new company in which Charter would own 35%. Comcast and Charter would then swap 1.65M customers.

The transactions are contingent on Comcast receiving approval for its takeover of TWC.