One of the chief complaints of cable and satellite TV customers is that the bills are too high, and there are a lot of filler channels they don’t watch. This is due to the fact that many television content providers insist that a cable company must buy all of its channels - or none at all. Consumers, meanwhile, have been requesting smaller packages, or a la carte choices.
Barely a month removed from backing away from a proposed merger with Comcast, Charter Communications, Inc. (Nasdaq: CHTR) (together with its subsidiaries "Charter") and Time Warner Cable Inc. (NYSE: TWC) announced that they have entered into a definitive agreement for Charter to merge with Time Warner Cable. The deal values Time Warner Cable at $78.7 billion.
According to a Bloomberg report released today, Comcast has backed away from its proposed $45.2 billion merger with Time Warner Cable that would have integrated two of the country’s largest cable and broadband providers into a single entity. The announcement comes just one day after the Federal Communication Commission made it clear they would oppose the deal, and attorneys from the Justice Department said they felt the deal could be detrimental to consumers.
Two of America's largest cable providers announced a $10.4 billion merger last Tuesday. Charter Communications Inc., the nation’s fourth-largest cable operator, announced that it has agreed to acquire Bright House Networks, the the sixth-largest U.S.
US cable giant Comcast announced a new 2Gbps broadband service that the company expects to begin rolling out next month in Atlanta. So far there has been no mention of the price customers can expect to pay for such service, but Comcast says it will be a symmetrical connection, meaning that your upload speed will be the same as your download speed.
As of January 1st, Comcast customers will see the cost of some services and equipment, including the popular XFINITY Internet, Television, and telephone services rise by an average of 3.4 percent, although some Comcast bundle packages could see a larger surge in pricing.