Items tagged with twc

Time Warner Cable has discovered a breach of customer information. Recently, the service provider sent notices to 320,000 of its customers throughout the U.S. advising them to change the password to their email account. This advice comes after the company discovered someone may have gained unauthorized access to email and password details. The notices are being sent out via email and through direct mail. This issue particularly affects people with a Roadrunner email account, or those which have the RR.com domain in the address. Time Warner isn’t sure how the breach occurred but has suggested it could have been a result of malware that was downloaded during a phishing attack or through a breach... Read more...
Could this latest move by Time Warner Cable mean the beginning of the end for big, power hungry cable boxes? That remains to be seen, but it’s an interesting change of direction to say the least. Time Warner Cable is trialing a new TV service in New York City and New Jersey that will allow customers to replace their old school cable box with a small, power efficient Roku streaming device. The first plus associated with this Roku trial is that you ditch the leasing fee when you turn in your cable box to Time Warner Cable. In its place, customers who participate in the NYC trial will be given a Roku 3 at no additional charge. The trial service, which is an extension of the TWC app currently available... Read more...
A Bloomberg report that came out on Memorial Day was right on the money when it came to Charter’s ambitions to take on cable juggernaut Comcast. Bloomberg learned that Charter would scoop up Time Warner Cable (TWC) for $195 per share, valuing the transaction at roughly $55 billion. Charter confirmed the acquisition this morning, valuing each TWC share at approximately $195.71. The transaction has an equity value of $55.76 billion, but TWC has long-term debt of $22.64 billion which value the entire whole shebang at over $78 billion. The TWC acquisition will vault Charter from fourth place in the U.S. cable market to second place, right behind Comcast. The combined companies will have an estimated... Read more...
Comcast came up as the biggest loser in its failed bit to acquire rival Time Warner Cable (TWC) for $45 billion. Comcast wasted over $30 million on lobbying and tucked its tail between it legs once it became clear that U.S. regulatory agencies would not approve the merger. Comcast’s loss is now Charter’s gain according to a fresh report from Bloomberg. We first heard of Charters inklings to cozy up with TWC back in late April, but it appears that the relationship has gotten especially serious in recent days. The news agency has learned that Charter is willing to pay around $195 per share (a 14 premium over TWC’s last closing price). The stock and cash deal is estimated to be worth $55.1 billion,... Read more...
It's nice to feel wanted, isn't it? Time Warner Cable knows the feeling. The cable company has been courted by numerous bidders in recent months, and though a $45 billion merger with Comcast ultimately fell apart due to regulatory concerns, it would be surprising if a deal didn't happen. In addition to Charter and Cablevision showing interest, we can now add Altice SA to what seems like a growing list of suitors.According to Reuters, the French telecommunications group has been in talks to buy TWC and is also close to acquiring Suddenlink. Altice SA wants desperately to move into the U.S. cable market, and buying out existing players would be the quickest way to do that. It's also an expensive... Read more...
Speaking at TechCrunch Disrupt in New York on Monday, FCC chairman Tom Wheeler went on record with his thoughts on the now-dead $42 billion bid by Comcast to absorb Time-Warner Cable (TWC), saying that he thought Comcast CEO Brian Roberts made a "really good decision" in choosing to end the takeover attempt rather than continue the fight. The punditry at large thought that Philadelphia-based Comcast's bid for its New York City rival — which was launched in February 2014 — would sail through antitrust reviews, however, the FCC virtually sealed its doom when they called for a hearing, a disruptive process that carried with it great implications for failure. Wheeler himself indicated... Read more...
Had things gone to plan, Comcast would be celebrating the thumbs up by the Federal Communications Commission to proceed with its proposed $45 billion acquisition of Time Warner Cable (TWC). But it didn't go down that way. The merger received intense criticism and opposition from the get-go, and instead of giving Comcast the go ahead, the FCC said the matter had to be settled in court. That prompted Comcast and TWC to throw in the towel and count their losses, all 32 million+ of them. Yes, the telecoms reportedly spent over $32 million lobbying Washington in hopes of approving the merger. And had they lobbying worked, it would have been a small price to pay in the grand scheme of things. But it... Read more...
As we originally posted yesterday, Comcast today confirmed that it has abandoned its bid to acquire rival Time Warner Cable for $45 billion. The deal, which was originally announced in February 2014, was questionable at best, but came under more scrutiny in recent weeks. The company issued a brief statement this morning indicating that the merger has been terminated. "Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn’t agree, we could walk away,” said Comcast CEO Brian Roberts.  “Comcast NBCUniversal is a unique company with strong momentum. Throughout this entire process, our employees... Read more...
From the moment the proposed $45 billion Comcast-Time Warner Cable (TWC) merger was announced over a year ago, many consumers were understandably worried about what that would mean for competition in the broadband and TV markets, not mention how it would affect their bills each month. Add that in with the fact that both companies have customer service rating that rank near the bottom and that Comcast is a two-time winner of The Consumerist’s “Worst Company in America” award, it shouldn’t come as a surprise that many have been skeptical of the deal actually passing muster with regulators. Thankfully, we started hearing more of the government’s concerns over the past week with sources within the... Read more...
The opposition to the $45 billion Comcast-Time Warner Cable merger is growing. Late last week, we reported that the Department of Justice (DOJ) antitrust division is damn near close to recommending that the deal be nuked. The DOJ’s recommendations could ultimately lead to a lawsuit aimed at stopping the deal in its tracks. For its part, Comcast contends that a merger with TWC would be good for consumers. “There is no basis for a lawsuit to block the transaction,” said Comcast spokeswoman Sena Fitzmaurice last week. Fitzmaurice went on to add that the deal would “result in significant consumer benefits -- faster broadband speeds, access to a superior video experience, and more competition in business... Read more...
Comcast has spent the past year extolling the benefits of its proposed merger with Time Warner Cable, but many in the tech industry and plenty of customers aren’t so certain that a merger is the right way to go. As we’ve seen time and time again, Comcast’s customer service is often atrocious and Time Warner Cable isn’t much better. Both companies have been slow to innovate when it comes to offering customers new services and faster Internet speeds and when they do, it’s only because newer competition — like Google — forced their hand. It is now looking like the U.S. Department of Justice (DOJ) is the latest to jump on the anti-Comcast bandwagon, and with good reason. According to a new Bloomberg... Read more...
Google Fiber (and to perhaps an even greater extent, municipal broadband) has existing players in the broadband market scrambling to step up their game. Earlier this year, Google announced that it would bring its 1 Gbps Google Fiber Internet service to the Charlotte, NC area. Now, Time Warner Cable (TWC) is countering Google’s move into its service area with free speed boosts for customers. Customers currently signed up for Roadrunner Standard (15 Mbps), Extreme (30 Mbps), and Ultimate (50 Mbps) will receive free upgrades to 50 Mbps, 200 Mbps, and 300 Mbps respectively. It’s interesting that TWC is able to add these significant speed upgrades with absolutely no additional charge, and makes us... Read more...
What is it with cable companies these days? If they aren’t jacking up your rates every year or renaming you to “Asshole Brown” or “Super Bitch”, they’re releasing half-baked products while making it seem as though they’re doing you a favor. Comcast drew more than a few sneers this week when it declined to sign off on allowing its customers to access HBO Go through Sony’s PlayStation 4. Now it’s time for us to shake our heads at Time Warner Cable, which is now bringing its TWC streaming app to the Xbox One. As someone who regularly uses the TWC app on my smartphone, tablet, and Roku 3, it’s a well thought out app that I couldn’t live without. Time Warner Cable says that Xbox One users can use... Read more...
It was a year ago this month when cable giant Comcast announced that its board of directors approved a definitive agreement to acquire Time Warner Cable (TWC) in a deal worth about $45 billion. Given the size of the two companies, the possibility of joining forces immediately drew anti-competitive concerns, though a year later, Comcast is confident the deal will get done.As U.S. regulators continue to look into the deal and what impact a merger of two of the largest cable companies in the country would have, Comcast Chief Executive Officer Brian Roberts said during a conference call that there's a lot of information gathering taking place between both sides.Presumably that also includes listening... Read more...
We've covered the battles between ISPs and various large-scale content providers multiple times before. From deliberately throttling Netflix users to older spats that prevented Time Warner customers from watching cable channels they'd legally paid for, these kinds of disagreements are common in America these days. A new report from M-Lab, however, illustrates the degree to which these battles can impact all of an ISPs customers, including those who don't use video on demand services like Netflix. Details on how M-Lab configured its tests are available in this PDF, but the company ran its benchmarks and monitoring by setting up multiple access points within a single location and testing network... Read more...
Comcast has accused many of its critics and rivals of “extortion” in regards to its acquisition of Time Warner Cable for $45 billion. The cable company filed a 1,000 page document with the Federal Communications Commission defending itself from the various accusations and concerns aimed at the deal. One of the most vocal businesses against the deal is Discovery Communications. "Discovery, like many other programmers, is improperly using this proceeding to promote its own financial interests," Comcast said in its filing. "In fact, Discovery demanded unwarranted business concessions from Comcast as a condition of Discovery's non-opposition to the Transaction. Such extortionate demands... Read more...
Netflix has been butting heads with cable companies over tolls the latter want to charge in exchange for guaranteeing that Netflix's streaming content makes it into homes without any hiccups. So, it doesn't come as much surprise that Netflix is one of the first in line to publicly oppose Comcast's proposed buyout of Time Warner Cable (TWC), which if approved would see the merger of the two largest cable operators in the U.S. The streaming service made public a redacted version of its petition to deny the acquisition. At the heart of Netflix's petition is the creation of a combined entity that would give Comcast and TWC "the ability to turn a consumer's Internet experience into something that... Read more...
It's been a rough week for broadband Internet subscribers. Last weekend, Charter Communications suffered a widespread service outage that affected customers in several states, and now Time Warner Cable is scrambling to fix an issue with its Internet infrastructure that also caused service disruptions across the United States. The good news here is that TWC's cable and Internet services are "largely restored," according to a Twitter post by Good Morning America. The cable giant is placing blame on "an issue with our Internet backbone" during routine network maintenance, whereas it's believed Charter may have been the victim of DNS hacking. Image Source: Flickr (Michael Dougherty) According to... Read more...
As much as Netflix is loath to pay Internet Service Providers (ISPs) for uninterrupted access into homes of each provider's customers, the streaming service continues to ink peering deals so that its own subscribers can enjoy high quality videos and less buffering. One of the newest deals involves a reported agreement with Time Warner Cable (TWC). According to Gigaom, the deal was initially agreed upon back in June, with implementation now being rolled out. With direct access into homes free from throttling, TWC customers should see an improvement in their Netflix streams with less dropouts and other unwanted behavior, especially during peak hours. Image Source: Flickr (Michael Dougherty) It's... Read more...
Thinking twice on the matter, Comcast and Time Warner Cable (TWC) have both decided to withdraw significant donations totaling a combined $132,000 to a fundraising dinner honoring Federal Communications Commission (FCC) Commissioner Mignon Clybrun, who is scheduled to receive a special "diversity advocate" award at the event. The Walter Kaitz Foundation is a non-profit organization that promotes inclusion and participation of women and multi-ethnic professionals in the cable telecommunications industry. Much of the company's funding comes from an annual dinner, in which it honors individuals inside and outside the cable industry who made strides in diversity. This year the foundation is hosting... Read more...
Cable giants Comcast and Time Warner Cable (TWC) are sponsoring this year's annual dinner for the Walter Kaitz Foundation, which is being held in honor of Mignon Clyburn, head of the Federal Communications Commission (FCC). Clyburn is to receive a special "diversity advocate" award at the event, with Comcast donating $110,000 to the foundation that supports diversity. Normally something like this wouldn't raise an eyebrow, but it just so happens that Comcast needs the FCC approval before it can acquire TWC in a deal worth around $45.2 billion. TWC already donated $22,000 back on May 14, and while making donations doesn't break any rules, the timing is a little suspicious. Nevertheless, Comcast... Read more...
Comcast is highly motivated to complete a $45 billion deal to acquire Time Warner Cable. So much, in fact, that Comcast has come to a separate agreement with Charter Communications to get rid of 3.9 million of subscribers, which is contingent on the TWC merger taking place. It's Comcast's hope that divesting itself of subscribers will be enough to ease regulatory concerns over its deal with TWC. According to a report in The Wall Street Journal, Comcast agreed to sell 1.4 million existing TWC customers to Charter for around $7.3 billion in cash. In addition, Comcast would create a new publicly traded company made up of another 2.5 million existing Comcast subscribers. The new cable company would... Read more...
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