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Time Warner Sells Telecom Business to Level 3
gavron (1300111) writes "We all know about TW Cable being acquired by Comcast (subject to regulatory approval) but news from today is that their non-cable business is being purchased by Level3 for almost 6 billion dollars.
What used to be the 'largest media and distribution company ever' (AOL Time Warner) is now nothing more than a garage of pieces being parceled off to the first available bidder. This might be good for consumers, but recently Time Warner (and Comcast) won awards for consumer hatred."
What used to be the 'largest media and distribution company ever' (AOL Time Warner) is now nothing more than a garage of pieces being parceled off to the first available bidder. This might be good for consumers, but recently Time Warner (and Comcast) won awards for consumer hatred."
Agreed. A little application of common sense could have prevented this nothing-to-do-with-the-price-of-tea-in-China posting travesty. Does anyone really think that Time Warner Cable would be allowed to sell off a $6 billion asset in the middle of the Comcast acquisition unless it had been agreed upon up front? All of the discussed spin-offs (e.g. to Charter) are scheduled to take place after the acquisition is complete.
And Time Warner != Time Warner Cable. They are two completely separate companies.
According to Level 3's write-up on the subject, TW Telcom has a very large metro fiber network that spans many key cities. They offer some fairly high end services up to 100g: http://www.twtelecom.com/telec...