Comcast to acquire Time Warner Cable

Comcast will acquire Time Warner Cable for $45.2 billion and the deal is subjected to shareholders and regulatory approval.

The proposed merger would create operating synergies and will help Comcast in the long run. Comcast Cable is the nation’s largest video, high speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses.

Comcast is a global media and technology company with two primary businesses- Comcast Cable and NBC Universal. Comcast Cable is nation’s largest video provider with 22 million customers. The company has nation’s largest residential high-speed Internet provider with 19.4 million customers.

Time Warner Cable (TWC), the second largest cable provider, owns and manages advanced, well-clustered cable systems throughout the United States. Time Warner Cable offers cutting edge digital technology, a rich range of home entertainment and information choices for the whole family to enjoy and superior service that demonstrates customer satisfaction is our number one priority.

TWC is among the largest providers of video, high-speed data and voice services in the United States, connecting more than 15 million customers to entertainment, information and each other.

Time Warner Cable Business Class offers data, video and voice services to businesses of all sizes, cell tower backhaul services to wireless carriers and enterprise-class, cloud-enabled hosting, managed applications and services. Time Warner Cable Media, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions.

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