Showing posts with label Time Warner Cable. Show all posts
Showing posts with label Time Warner Cable. Show all posts

Saturday, May 7, 2016

FCC Approves Charter + Time Warner + Brighthouse Deal

The FCC approved the merger of Charter Communications, Time Warner Cable Inc. and acquisition of Bright House Networks.

Charter said it agreed to a number of conditions as part of the FCC approval.  Many of the conditions either codified or reflected specific commitments Charter offered proactively at the beginning of the transaction review process, including no data caps or usage-based billing, a commitment to build out high-speed broadband service to unserved and underserved customers, the fastest low-income broadband program of any major service provider, and settlement-free peering.

The California Public Utilities Commission vote is scheduled for May 12th, following last month's recommendation for approval from the California Administrative Law Judge.

"I want to thank Chairman Wheeler and Commissioners Clyburn, Rosenworcel, Pai and O'Rielly for their thorough review of these transactions," said Tom Rutledge, President and CEO of Charter Communications.  "The significant benefits of these transactions are clear; greater competition, more consumer and OTT friendly broadband policies, broader access to affordable broadband, and added U.S. jobs.  The conditions are largely extensions of the longstanding consumer friendly values and practices of our company, and based on the commitments we put forward during the review process. Charter will be a stronger competitor in the broadband and video markets, well positioned to deliver these benefits and more to consumers."

http://www.cnn.com
http://www.charter.com

Charter to Acquire Time Warner Cable, Bright House

Charter Communications agreed to acquire Time Warner Cable in a deal valued at $78.7 billion.  In addition, Charter and Advance/Newhouse Partnership amended an earlier merger deal (announced March 31) to allow for the three-way combination reate a leading broadband services and technology company serving 23.9 million customers in 41 states.  Liberty Broadband has agreed to purchase, upon closing of the Time Warner Cable transaction, $4.3 billion of newly issued shares of New Charter.

The companies said their mega-merger will drive investment in their advanced broadband network, allowing for wider deployment of new competitive facilities based Wi-Fi networks in public places, and the footprint expansion of optical networks to serve the large marketplace of small and medium sized businesses. 

Tuesday, June 9, 2015

Time Warner Cable Wi-Fi Network Tops 100K Hotspots

Time Warner Cable (TWC) now has over 100,000 Wi-Fi hotspots in its national Wi-Fi network.  Through the Cable WiFi partnership, TWC Internet customers now have access to more than 400,000 hotspots.

The latest cities to gain outdoor Wi-Fi coverage on the TWC national network are Dallas and San Antonio, Texas and Raleigh, North Carolina.

“In today’s highly mobile world, one of the biggest benefits of being a TWC Internet customer is access to free WiFi throughout the U.S.,” said Rob Cerbone, VP of Wireless Product Management for Time Warner Cable. “We’re growing our network every day and helping customers stay connected to what matters to them most by offering superfast broadband Internet speeds whether they are at home or away. Most importantly, our customers are noticing. Last year, TWC Internet customers engaged in more than 180 million WiFi sessions on our network, a 327% increase over the previous year.”

TWC Internet customers also can enjoy free WiFi access at more than 100 premium Boingo locations, including 25 of the busiest airports in the U.S., as a result of bilateral roaming announced by the companies last year. Nearly all of the TWC WiFi Hotspots as well as the Boingo locations are Passpoint-enabled so that customers can securely roam and seamlessly connect to the TWC WiFi-Passpoint and Boingo “Passpoint Secure” networks.

http://www.twc.com/wifi

Tuesday, May 26, 2015

Charter to Acquire Time Warner Cable, Bright House

Charter Communications agreed to acquire Time Warner Cable in a deal valued at $78.7 billion.  In addition, Charter and Advance/Newhouse Partnership amended an earlier merger deal (announced March 31) to allow for the three-way combination reate a leading broadband services and technology company serving 23.9 million customers in 41 states.  Liberty Broadband has agreed to purchase, upon closing of the Time Warner Cable transaction, $4.3 billion of newly issued shares of New Charter.

The companies said their mega-merger will drive investment in their advanced broadband network, allowing for wider deployment of new competitive facilities based Wi-Fi networks in public places, and the footprint expansion of optical networks to serve the large marketplace of small and medium sized businesses.

"With our larger reach, we will 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. In addition, we will drive greater competition through further deployment of new competitive facilities-based WiFi networks in public places, and the expansion of the facilities footprint of optical networks to serve the large, small and medium sized business services marketplace. New Charter will capitalize on technology to create and maintain a more effective and efficient service model. Put simply, the scale of New Charter, along with the combined talents we can bring to bear, position us to deliver a communications future that will unleash the full power of the two-way, interactive cable network," stated Tom Rutledge, President and CEO of Charter Communications.

http://ir.charter.com/phoenix.zhtml?c=112298&p=irol-irhome
http://www.timewarnercable.com/

Thursday, December 18, 2014

Time Warner Cable (TWC) and Boingo Launch Passpoint Wi-Fi Roaming

Time Warner Cable (TWC) and Boingo Wireless have activated the industry's first reciprocal Passpoint roaming agreement, enabling their customers to seamlessly connect to secure WiFi networks at thousands of locations, including 25 of the highest traffic airports in the U.S.

Boingo subscribers can access thousands of Time Warner Cable’s Passpoint-enabled hotspots in cities including New York, Austin and Kansas City, with Passpoint roaming access launching in additional cities including Los Angeles and Charlotte in early 2015. Boingo customers already have access to TWC’s more than 60,000 hotspots in major cities across the U.S., per the roaming partnership launched earlier this year.

TWC residential Internet customers with Standard Service and above and all TWC Business Services Internet customers can now seamlessly roam on to Boingo’s “Passpoint Secure” WiFi networks at 25 of the highest traffic airports in the U.S., including Chicago’s O’Hare International (ORD), Los Angeles International (LAX), Austin-Bergstrom International (AUS), and New York’s John F. Kennedy (JFK), LaGuardia (LGA) and Newark Liberty International (EWR) airports.

The Passpoint roaming functionality allows customers with Passpoint-certified devices and account credentials to experience seamless, secure connections between the two networks with no action needed on their part, simplifying the roaming connectivity experience during holiday travel and day-to-day mobile device use. TWC and Boingo’s Passpoint-enabled hotspots feature powerful WPA2 enterprise-grade encryption technology, providing enhanced security on the go.

“Passpoint technology provides significant value to our customers. Our Passpoint roaming integration with Boingo will keep our users connected to this advanced technology during their travels, helping us provide maximum wireless security to our TWC Internet consumers when they’re surfing the Internet out of home,” said Rob Cerbone, VP of Wireless Product Management for Time Warner Cable.

“The launch of reciprocal Passpoint roaming in the U.S. marks a significant milestone for the wireless industry, but more importantly it makes the best possible WiFi connectivity experience available to even more customers in key locations throughout the U.S.,” said Dr. Derek Peterson, Boingo Wireless Chief Technology Officer. “Our partnership with TWC gives our customers truly widespread access to simple, seamless and secure WiFi in key markets nationwide.”

https://passpoint.boingo.com

Monday, August 4, 2014

Time Warner Cable Promises Up to 6X Broadband Speed Boost in 2015

Time Warner Cable (TWC) promised a major speed boost for its cable modem subscribers in seven markets in 2015: Charlotte, Dallas, Hawaii, Kansas City, Raleigh, San Antonio and San Diego.

These markets will join Los Angeles, New York City and recently announced Austin, where the DOCSIS 3.0 service transformation – known as "TWC Max".  TWC is promising Internet speeds up to six times faster than before.

Customers who subscribe to any of the six Internet plans will receive an increase in speeds at no additional cost, with customers experiencing increases up to six times faster, depending on their current level of speed. For example, customers who subscribe to Standard Service, formerly up to 15 Mbps, will now receive up to 50 Mbps, and customers who subscribe to the Ultimate plan, formerly up to 100 Mbps, will receive up to 300 Mbps – three times their current speeds, at no extra charge. Some customers will need a DOCSIS 3.0 modem to enjoy the full benefits of the speed increases.

“We are committed to reinventing the TWC service experience market-by-market, and we’re pleased to announce the expansion of our efforts to these seven key markets,” said Time Warner Cable Chairman and CEO Robert D. Marcus. “We want our customers to know a new experience is coming that brings them super-fast Internet speeds and a more advanced TV product. Maxx starts with a top-to-bottom network evaluation to ensure optimum performance and rock-solid network reliability, and includes a best-in-class customer experience.”

http://www.timewarnercable.com/


Wednesday, June 11, 2014

RIP: Glenn Britt, Former Chairman and CEO of Time Warner Cable

Time Warner Cable acknowledged the passing of Glenn A. Britt (1940-2014), who served as Chairman and Chief Executive Officer of the company until his retirement in December 2013.

Britt began serving as Chairman of the Time Warner Cables’s Board of Directors in March 2009, was named President and CEO in 2006, and served as the company’s CEO from August 2001.

Time Warner Cable said Britt was was the driving force behind its aggressive deployment of advanced video services, such as Video on Demand, high-definition television and digital video recorders. He guided the growth of Time Warner Cable’s residential high-speed Internet and digital phone services and Time Warner Cable Business Services.  He is credited with the company's emergence as a publicly traded company and grew it from a $6 billion operating division into a $21 billion, high-profile business in a highly competitive industry.

http://www.timewarnercable.com/en/about-us/leadership/glenn-britt-tribute.html

Thursday, February 13, 2014

Comcast to Acquire Time Warner Cable

In a deal that combines the No.1 and No.2 cable operators, Comcast has agreed to acquire Time Warner Cable for $159 per share, representing a enterprise value of about $45 billion.

Comcast is the largest U.S. cable operator with approximately 23 million subscribers.  Time Warner Cable has about 12 million subscribers.  The combined company would have $86.8 billion in annual revenue.

The proposed merger is expected to face regulatory reviews. Comcast and Time Warner said they are prepared to shed 3 million subscribers if needed to gain approvals.

Previously, Charter offered $132 per share to acquire Time Warner - a bid that was rejected by the company as below value.

The companies believe they will be able to achieve $1.5 billion in ongoing operational efficiences, including $400 million in capital savings through the merger.

http://www.comcast.com
http://www.timewarnercable.com/

Friday, January 31, 2014

Time Warner Cable Boosts Performance in NYC and LA

Time Warner Cable boosted its consumer Internet and TV services in New York City and Los Angeles with faster speeds.

Under the initiative, TWC will upgrade network connection sites (referred to as hubs) in NYC and LA to ensure optimum service levels are delivered to every neighborhood. Each TWC hub serves thousands of customers with phone, video and data services. The first four hubs to receive upgrades are those that service customers in West Hollywood and Costa Mesa in California, and portions of Woodside (in Queens) and Staten Island in New York.

Additionally, TWC will begin to convert its network in Los Angeles to “all-digital” by removing all remaining analog TV channels. This process opens up new bandwidth in the network to be redeployed for faster broadband speeds and other enhanced services. In 2013, TWC completed an all-digital network conversion in New York City.

http://www.timewarnercable.com/

Monday, October 7, 2013

Time Warner Cable to Acquire DukeNet for $600 Million

Time Warner Cable has agreed to acquire DukeNet Communications for $600 million in cash, including the repayment of debt.

DukeNet Communications, which is a subsidiary of Duke Energy Corporation, operates a regional fiber optic network company serving customers in North Carolina and South Carolina, as well as five other states in the Southeast.  Its fiber network spans over 8,700 miles and provides high-capacity services to wireless carrier, data center, government, and enterprise customers. Duke Energy owns 50 percent of DukeNet. The Alinda investment funds own the remaining 50 percent.

"Business Services is a key growth area for Time Warner Cable and this acquisition will greatly enhance our already growing fiber network to better serve customers, particularly those in key markets in the Carolinas," said Phil Meeks, Executive Vice President and COO of Business Services for Time Warner Cable. "This acquisition will help us expand our fiber footprint at a price that is consistent with our disciplined approach to M&A, accounting for expected synergies and tax benefits."

http://www.twc.com
http://www.dukenet.com/

Thursday, August 1, 2013

Time Warner Cable Now Has 19,000 Wi-Fi Access Points

Time Warner Cable posted Q2 revenue of $5.6 billion, up 2.7% YoY.  Residential services revenue increased 0.3% to $4.6 billion and business services revenue grew 21.8% to $565 million, while advertising revenue decreased 1.9% to $260 million and other revenue grew 60.3% to $93 million. Net income was $481 million, or $1.65 per basic common share and $1.64 per diluted common share, for the second quarter of 2013 compared to $452 million, or $1.44 per basic common share and $1.43 per diluted common share, for the second quarter of 2012.

Some operational notes from the company's quarterly financial report:

  • The growth in residential high-speed data revenue was the result of an increase in average revenue per subscriber, primarily due to an increase in equipment rental charges and a greater percentage of subscribers purchasing higher-priced tiers of service, as well as growth in high-speed data subscribers.
  • Residential video revenue decreased driven by declines in video subscribers and transactional video-on-demand revenue, partially offset by price increases and a greater percentage of subscribers purchasing higher-priced tiers of service.
  • Residential voice revenue decreased due to a decline in average revenue per subscriber and lower voice subscribers.
  • Video programming expenses grew 3.7% to $1.2 billion due to an increase in average monthly video programming costs per video subscriber, offset in part by a decline in video subscribers. Average monthly video programming costs per video subscriber increased 8.5% year-over-year to $33.54 for the second quarter of 2013, primarily driven by contractual rate increases and the carriage of new networks, partially offset by a decline in transactional video-on-demand.
  • Average monthly revenue per residential customer relationship (ARPU) grew 1.2% to $105.21.
  • Capital expenditures in the first half totaled $1.6 billion, consistent with the Company’s plans for full-year capital spending of $3.2 billion.
  • Residential wideband high-speed data subscribers (which includes the 30, 50, 75 and 100 Mbps tiers) more than doubled year over year to 608,000 subscribers.
  • The company continued to make progress with its Wi-Fi initiative; Aggressive deployment in New York City increased total access points to 19,000.
  • Time Warner Cable has IntelligentHome available in approximately 80% of its footprint and has 24,000 customers. Second quarter net additions were the strongest since its launch.
  • Business services reached a milestone in the quarter, delivering backhaul service to more than 10,000 cell towers.

http://ir.timewarnercable.com/investor-relations/

See also