Time Warner's Sluggish Speed Could Get A Boost After Sale To Charter
On Wednesday, Charter Communications finalized its purchase of Time Warner Cable and Bright House Networks for at least $65 billion.By Grant Suneson | May 18, 2016
If you’re one of the many consumers that can’t stand Time Warner Cable, you’ll be happy to know it’s going away for good.
Charter Communications completed its purchase of Time Warner Cable and Bright House Networks for somewhere north of $65 billion in cash and stocks. Charter is planning to retire the Time Warner name and bundle all three companies under the name Spectrum.
Spectrum will provide cable services for more than 25 million Americans, making it the second-biggest cable and internet provider behind Comcast.