Time Warner Cable has signed a definitive agreement with cable operator NewWave Communications to acquire cable systems serving approximately 70,000 basic video subscribers, 42,000 HSD subscribers, and 26,000 phone subscribers in Kentucky and western Tennessee for USD 260 million in cash. This transaction is subject to customary conditions, including receipt of FCC, franchise and antitrust approval. The parties expect closing to occur during the fourth quarter. Time Warner Cable and NewWave Communications will work together to provide transition for customers and employees.
