Business USA

Time Warner Cable will redeem Insight Communication

(Reuters) – Time Warner Cable has reached an agreement to buy the cable operator Insight Communications to Carlyle for three billion dollars (2.1 billion euros) in cash to expand its presence in the United States.

Insight Communications, which is the tenth U.S. cable operator, provides subscription television, telephone and internet to approximately 750,000 households in Illinois, Indiana, Kentucky and Ohio.
It is the largest acquisition of Time Warner Cable since it split with its former parent Time Warner in 2009.

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS