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Charter buys Time Warner Cable to create mega cable and Internet firm
May 26, 2015 /
Charter Communications said Tuesday it has agreed to a $55 billion acquisition of Time Warner Cable, creating a new giant in an industry racing to hook up homes to high-speed Internet as cable television declines.
The merger of the fourth- and second-largest cable providers will create a new contender in an industry long lacking competition and will face strong scrutiny from federal regulators who have complained of too much power in the hands of a few firms, particularly Comcast.
By Cecilia Kang
MATR Supporters (view all)
Posted in: Regional Business News
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