/// Time Warner Cable Buys DukeNet for $600 Million

October 7, 2013  |  Media Week

It's been true for a while now that new cable subscribers are fairly thin on the ground—Time Warner Cable has picked an innovative way to make up the shortfall today by purchasing in a $600 million cash deal the North Carolina fiber optic cable network DukeNet. Based in North Carolina, the network also serves South Carolina and five other states in the Southeast. New fiber-optic services laying cable in territory staked out by big cable conglomerates like TWC and Cablevision is one a major concern for those larger businesses. By acquiring smaller companies like DukeNet, TWC can stave off competition and bring in new revenue streams. The company has been considering all available options, notably bargaining hard against retrans fees

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