angacom_anga 28/05/2015 18:14 Page 2
Charter confirms $79bn Time
Warner Cable deal
harter Communications and
Time Warner Cable have struck a
deal for Charter to merge with
Time Warner Cable. The deal values
Time Warner Cable at $78.7 billion
including debt. Charter will pay $100 in
cash and shares of a new public parent
company (New Charter) for each Time
Warner Cable share. New Charter will
be led by Tom Rutledge, who will serve
as president and CEO.
In addition, Charter and
Advance/Newhouse Partnership have
amended their merger deal struck in March,
all three entities will be
merged in New Charter.
The combination of
Charter, Time Warner
Cable and Bright House
will create a leading
broadband services and technology company
serving 24m customers in 41 US states. The
companies claim the transactions will drive
investment into the combined entity’s
advanced broadband network, allow for wider
deployment of new competitive facilities based
WiFi networks in public places, and the
footprint expansion of optical networks to
serve the large marketplace of small and
C
TiVo: More DTH than
cable cut cord
TiVo – which recently
acquired certain assets of
outlawed and bankrupt OTA
service Aereo – has released
the findings of an in-depth
survey of Over The Air
(OTA) TV
consumers revealing that a
materially higher
percentage of cord cutters
are coming from former
satellite TV service
subscribers.
“The data we’ve collected
shows a clear trend – satellite
medium sized businesses. They say this will
result in faster broadband speeds, better video
products, including more high definition
channels, more affordable phone service and
more competition, for consumers and
businesses.
Tom Rutledge, President and CEO of
Charter Communications, said that with its
larger reach, the new grouping would be able
to accelerate the deployment of faster Internet
speeds, state-of-the-art video experiences, and
fully–featured voice products, at highly
competitive prices.
Robert D. Marcus, Chairman and CEO of
Time Warner Cable,said
the agreement
recognised the unique
value of Time Warner
Cable, and brought
together three great
companies that share a common philosophy of
strong operations, great products, robust
network investment and putting customers
first. When Charter Communications went
public with an earlier offer for Time Warner
Cable worth $61 billion, Time Warner rejected
it in mid-January 2014 as “grossly
inadequate”.
“Today’s announcement is good news for
TV subscribers are more likely
than cable subscribers to cut
the cord in favour of an OTA
DVR,” said Tom Rogers,
TiVo’s president and CEO.
“TiVo has an OTA solution for
operators that helps them
capitalise on these potential
new customers by packaging
broadband
with a
unique OTA service that
seamlessly combines OTA
signals alongside popular
streaming services like Netflix
and Amazon Prime Video.”
The survey, conducted in
late 2014, p