After months of being courted by both Comcast and Charter Communications, Time Warner Cable has agreed to be purchased by Comcast for $45.2 billion in stock. The deal, if approved by the United States Department of Justice and the U.S. Federal Communications Commission, will create the biggest broadband provider in the country, with 33 million customers. Consumers will get a superior video experience, higher broadband speeds, and the fastest in-home WiFi, TWC said.
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Naysayers Wring Hands Over Comcast-TWC Merger
Posted by: Richard Adhikari February 13, 2014 01:47 PMAfter months of being courted by both Comcast and Charter Communications, Time Warner Cable has agreed to be purchased by Comcast for $45.2 billion in stock. The deal, if approved by the United States Department of Justice and the U.S. Federal Communications Commission, will create the biggest broadband provider in the country, with 33 million customers. Consumers will get a superior video experience, higher broadband speeds, and the fastest in-home WiFi, TWC said.