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Charter Tries to Buy TWC, Challenge Comcast

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Charter Communications has offered to buy Time Warner Cable (TWC) for $61.3 billion, taking its case directly to shareholders because TWC management turned down its previous overtures.

Time Warner is the second biggest cable provider in the US after Comcast, which has also considered purchasing Time Warner. A Charter/TWC merger would “create a provider of TV, Internet, and phone for about 20 million customers in 38 states.READ ORIGINAL POST HERE…

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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