Comcast and Time Warner to offload million of customers to Charter

Comcast and Time Warner Cable could offload between 3 million and 5 million customers to Charter Communications, according to a Financial Times report. Executives from all three companies have met in recent days and negotiations remain ongoing, the report says. Selling off a sizable chunk of customers could help better the odds of Comcast’s TWC acquisition getting a thumbs up from federal regulators. The company has already said it’s willing to sell 3 million subscribers to a competing cable provider if the historic buyout is approved. 

Comcast and Time Warner Cable have entered negotiations to sell cable assets worth up $20 billion to Charter Communications in a deal aimed to allay Washington’s concerns about their proposed merger. Comcast and TWC have held talks with Charter about selling between 3 million and 5 million subscribers during recent days, according to people familiar with the matter. Another option being explored would see Comcast and TWC spin off subscriptions into a new company with Charter being given a substantial minority stake. A combination of the two is also under consideration The discussions are at an early stage and no deal is certain, the people cautioned.

Read full article

Comments
Latest stories Top stories Apple iPhone Tech Google App Samsung Android Amazon Facebook Microsoft TV Drones Robots Tesla iOS Twitter Dell Snapchat Instagram YouTube Web Wi-Fi
Thank you!
Close