​Charter Communications is set to become the second-largest cable operator in the U.S. as it takes over several cable assets from Comcast as part of that company’s pending tie-up with Time Warner Cable.

If the deal goes through, Charter will grow to 5.7 million subscribers, and manage an additional 2.5 million in affiliated markets.

Comcast has already said it will have to shed about 3 million subscribers in the Time Warner deal, but the company will still remain king of the heap, retaining about 30 million customers.

The newly enlarged Charter will focus on markets in the Midwest and Southeastern U.S., CEO Tom Routledge said on Monday.

Chater’s agreement with Comcast would kick into gear once the merger with Time Warner is completed. Charter would get 1.4 million existing customers, and swap an additional 1.6 million based on geography.

Read More: The Hollywood Reporter

Brief Take: Hard to see losers here, with Comcast moving one step closer to completing its merger with Time Warner, while Charter strengthens its market position in regions where it is already a big player.

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