0
Broadband

Charter agrees Time Warner Cable, Bright House takeovers

Tuesday 26 May 2015 | 12:05 CET | News
Charter Communications confirmed an agreement to acquire Time Warner Cable for USD 78.7 billion including debt. The cash-and-shares deal values TWC at USD 195.71 per share, based on Charter's latest share price, or USD 200 based on the average share price in the past 60 days. Charter also announced that it reached an agreement with Advance/Newhouse on acquiring Bright House Networks for USD 2 billion cash plus a minority stake in the merged operator. Assuming both deals are completed, Advance/Newhouse will own 13-14 percent of 'New Charter', TWC shareholders will have 40-41 percent and

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Bright House Networks / Charter Communications / Time Warner Cable
Countries: United States
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

FCC alters 'overbuild' merger condition for Charter

Published 04 Apr 2017 09:15 CET | United States
The FCC has altered some of the conditions Charter Communications had to fulfill in order to complete its merger with Time Warner ...

Charter gets final approval for TWC, Bright House purchases

Published 13 May 2016 09:00 CET | United States
Charter Communications has received its final regulatory approval, from the California Public Utilities Commission, for the ...

Charter receives FCC approval for TWC, Bright House merger

Published 09 May 2016 09:42 CET | United States
Charter Communications announced that it has received approval from the FCC for its merger with Time Warner Cable (TWC) and ...

Charter, TWC merger wins DoJ, FCC approval with conditions

Published 26 Apr 2016 08:02 CET | United States
The US Department of Justice and FCC have cleared the proposed takeover of Time Warner Cable and Bright House Networks by Charter ...

Charter planning new USD 1 bln offering

Published 07 Apr 2016 16:03 CET | United States
US cable operator Charter Communications has announced plans to offer USD 1 billion worth of senior unsecured notes due 2026. The ...

FCC chairman set to approve Charter-TWC deal - report

Published 17 Mar 2016 09:44 CET | United States
FCC chairman Tom Wheeler is expected to circulate a draft order to the other four commissioners as soon as this week, approving ...

FCC studies restrictive contracts as part of merger probe

Published 01 Mar 2016 14:21 CET | United States
The FCC is investigating whether large US cable operators use special provisions in their contracts with media companies to ...

New Jersey approves Charter-TWC deal

Published 25 Feb 2016 10:49 CET | United States
The State of New Jersey Board of Public Utilities has approved Charter's planned merger with Time Warner Cable (TWC). The move ...

Dish, others form coalition against Charter-TWC merger

Published 22 Jan 2016 10:03 CET | United States
US pay TV operator Dish has announced the launch of the Stop Mega Cable Coalition, formed to raise awareness about the ...

Charter gets green light for TWC merger from NY State

Published 11 Jan 2016 17:10 CET | United States
Charter Communications said it has received approval for its merger with Time Warner Cable (TWC) from the State of New York. As ...

AT&T, Verizon seek conditions to Charter-TWC merger

Published 17 Nov 2015 13:51 CET | United States
AT&T and Verizon have asked the FCC's to impose conditions on the USD 79 billion merger between Charter, Time Warner Cable (TWC) ...

USTelecom, ACA seek conditions for Charter-TWC merger

Published 16 Nov 2015 09:33 CET | United States
Industry associations USTelecom and the American Cable Association have submitted comments to the FCC outlining the conditions ...

Charter plans USD 2.5 bln bond offering

Published 05 Nov 2015 15:54 CET | United States
US cable operator Charter Communications plans to offer USD 2.5 billion of senior unsecured notes due 2026 through its subsidiary ...

Dish petitions FCC to block Charter-TWC merger

Published 14 Oct 2015 09:50 CET | United States
Satellite TV operator Dish Network has petitioned the FCC to deny the proposed merger of Charter Communications and Time Warner. ...

Public Knowledge files petition to deny Charter-TWC merger

Published 14 Oct 2015 09:35 CET | United States
Advocacy group Public Knowledge, joined by Common Cause, Consumers Union and Open MIC has filed a petition with the FCC asking ...

NAB wants FCC to deny cable merger until ownership reform

Published 13 Oct 2015 08:50 CET | United States
The National Association of Broadcasters (NAB) has filed a petition with the FCC calling it to deny the proposed merger between ...

Charter announces executive appointments

Published 06 Oct 2015 11:42 CET | United States
Charter Communications has announced three executive appointments. Philip Meeks will join the company as executive vice president ...

TWC, Charter shareholders approve merger

Published 22 Sep 2015 08:54 CET | United States
Shareholders of Time Warner Cable have approved the company's takeover by Charter Communications, with more than 99 percent of ...

Charter investors take directors to court over Liberty deals

Published 27 Aug 2015 14:06 CET | United States
A number of Charter investors have filed a lawsuit against the company's board of directors, accusing the board of breaching ...

Charter borrows USD 3.8 bln worth of term loans

Published 25 Aug 2015 09:45 CET | United States
Charter Communications has closed senior secured credit facilities worth a total of USD 3.8 billion, including a USD 1.0 billion ...

Charter Q2 revenues up 7.6%, adds 34,000 new customers

Published 04 Aug 2015 14:40 CET | United States
Charter Communications reported second-quarter revenue of USD 2.4 billion, up 7.6 percent from a year earlier. Residential ...

Time Warner Cable profits fall as customer growth improves

Published 30 Jul 2015 14:44 CET | United States
Time Warner Cable reported a fall in second-quarter profits as investments in network upgrades, programming and customer ...

Netflix backs Charter takeover of TWC, Bright House

Published 16 Jul 2015 09:34 CET | United States
Netflix has given its backing to Charter Communications' proposed takeover of Time Warner Cable and Bright House Networks. In a ...

Charter prices USD 15.5 billion bond issue

Published 10 Jul 2015 11:43 CET | United States
Charter Communications subsidiary CCO Safari II has priced USD 15.5 billion of senior secured notes. Charter intends to use the ...

Charter plans bond sale ahead of TWC takeover

Published 09 Jul 2015 15:30 CET | United States
Charter Communication subsidiary CCO Safari plans to offer senior secured notes, with proceeds to be placed in escrow until the ...

Charter argues for TWC, Bright House deals in FCC filing

Published 26 Jun 2015 16:42 CET | United States
Charter Communications formally argued for regulatory approval for its TimeWarner Cable (TWC) and Bright House Networks deals, ...

Time Warner Cable announces departure of CFO Minson

Published 02 Jun 2015 11:43 CET | United States
Time Warner Cable has announced the immediate departure of executive VP and CFO Arthur Minson. Reports earlier named Minson as ...

Altice's Drahi says management wasn't ready for TWC takeover

Published 28 May 2015 08:46 CET | United States
Altice founder and shareholder Patrick Drahi said he didn't bid for Time Warner Cable because his company lacked management ...

Cable mergers try to break power of content providers

Published 27 May 2015 14:47 CET | World
A major cable merger has been announced in the US. Charter is bidding for Time Warner Cable as well as continuing its earlier ...

Charter close to deal to buy Time Warner Cable - report

Published 25 May 2015 19:01 CET | United States
Charter Communications is close to winning the bidding for Time Warner Cable with an offer of USD 55 billion, the Financial Times ...

Charter extends talks on Bright House takeover

Published 18 May 2015 20:04 CET | United States
Charter Communications and Advance/Newhouse have extended talks on Charter's proposed acquisition of Bright House Networks. The ...

TWC eyes bid for Bright House Networks - report

Published 02 May 2015 01:18 CET | United States
Time Warner Cable has contacted Bright House Networks about a possible takeover bid since its merger with Comcast collapsed, ...

Charter adds 86,000 customers in Q1

Published 01 May 2015 14:19 CET | United States
Charter Communications reported first-quarter revenues up 7.3 percent year-on-year to USD 2.4 billion, helped by growth in the ...

Charter preparing bid for Time Warner Cable - report

Published 27 Apr 2015 09:29 CET | United States
Charter Communications could soon make a bid for Time Warner Cable (TWC) following its failure to merge with Comcast, the Wall ...

Comcast, TWC confirm deal has reached the end of the road

Published 24 Apr 2015 17:26 CET | United States
Comcast has confirmed its exit from the merger agreement with Time Warner Cable and from its transactions agreement with Charter ...

Charter closes sale of USD 2.7 bln senior notes

Published 22 Apr 2015 10:41 CET | United States
Charter Communications has announced that its subsidiaries CCO Holdings and CCO Holdings Capital Corp. (collectively 'CCO ...

Arris, Charter to buy ActiveVideo for USD 135 mln

Published 14 Apr 2015 13:19 CET | World
US cable operator Charter Communications formed a joint venture with equipment supplier Arris in order to buy the company ...

Charter prices USD 1.9 bln offering

Published 14 Apr 2015 08:59 CET | United States
Charter Communications has priced its offering of USD 1.9 billion worth of senior unsecured notes due 2023 and 2025. The 2023 ...





Calendar   /   Industry Events

11 May United Internet Q1 2021
11 May Softbank FY results
11 May Magyar Telekom Q1 2021
11 May Radcom Q1 2021
11 May Vizio Q1 2021
11 May Allot Q1 2021
11 May Telefonica Brasil Q1 2021
11 May Sonim Q1 2021
11 May Lattice Semiconductor investor day
11 May Small Cells World Summit
12 May Lumentum fiscal Q3
12 May Syn Q1 results 2021
12 May OTE Q1 2021
12 May NEC FY results
12 May Telefonica Deutschland Q1 2021
12 May Deutsche Telekom Q1 2021
12 May Bredband2 Q1 2021
12 May BT FY results
12 May Mediaset Q1 2021
12 May Airtel Africa Q1 2021
13 May Poly fiscal Q4
13 May Alibaba Group Q1
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May DZS investors day
14 May Digi Communications Q1 2021
14 May Japan Display FY results
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
14 May Telesat Q1
::: More Calendar Items