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More on Comcast-Charter deal: Charter to acquire 1.4M TWC customers

  • Charter (CHTR) will acquire 1.4M existing Time Warner Cable (TWC) customers, giving it 5.7M in total and making it the second-largest cable operator in the U.S.
  • Charter and Comcast (CMCSA) will also each transfer approximately 1.6M subs respectively.
  • Charter will acquire 33% in a new publicly-traded cable provider that Comcast will spin off to its shareholders and that will serve 2.5M customers. Charter will pay for the stake by issuing new stock to Comcast shareholders.
  • After all the deals are finalized, Charter's managed residential subscribers will be below 30% of the U.S.'s total MVPD (multichannel video programming) subscribers.
  • The value of the Comcast-Charter transactions wasn't provided, but the FT put a figure of $20B when it published a mostly accurate report about them over the weekend, prior to an official announcement today.  (PR)
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Comments (2)
  • U2A Ventures
    , contributor
    Comments (145) | Send Message
     
    what a great day for their legal teams to come up with these
    28 Apr, 08:32 AM Reply Like
  • MEKhoury
    , contributor
    Comments (199) | Send Message
     
    Customer experience nightmare just beginning
    28 Apr, 01:23 PM Reply Like
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