BR100 Decreased By (-0.34%)
BR30 Increased By (0.01%)
KSE100 Decreased By (-0.25%)
KSE30 Decreased By (-0.31%)
AGHA 7.71 Increased By ▲ 0.02 (0.26%)
BECO 5.30 Decreased By ▼ -0.01 (-0.19%)
BML 60.77 Decreased By ▼ -0.46 (-0.75%)
BOP 36.48 Increased By ▲ 0.48 (1.33%)
CNERGY 11.64 Increased By ▲ 0.39 (3.47%)
CSIL 6.25 Increased By ▲ 0.08 (1.3%)
FCCL 57.35 Increased By ▲ 0.47 (0.83%)
FFL 16.58 Increased By ▲ 0.07 (0.42%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.35 Decreased By ▼ -0.07 (-0.94%)
KOSM 6.06 Increased By ▲ 0.01 (0.17%)
LOTCHEM 27.18 Decreased By ▼ -0.02 (-0.07%)
MLCF 101.80 Decreased By ▼ -1.29 (-1.25%)
NBP 206.01 Decreased By ▼ -1.62 (-0.78%)
NCPL 63.34 Increased By ▲ 1.42 (2.29%)
NPL 72.55 Increased By ▲ 0.37 (0.51%)
OGDC 319.59 Increased By ▲ 1.10 (0.35%)
PACE 11.09 Increased By ▲ 0.03 (0.27%)
PAEL 43.70 Decreased By ▼ -0.68 (-1.53%)
PIBTL 16.85 Decreased By ▼ -0.05 (-0.3%)
PPL 221.79 Decreased By ▼ -0.69 (-0.31%)
PRL 64.15 Increased By ▲ 0.34 (0.53%)
PTC 73.00 Decreased By ▼ -0.16 (-0.22%)
SSGC 27.20 Decreased By ▼ -0.05 (-0.18%)
TBL 9.80 Decreased By ▼ -0.08 (-0.81%)
TELE 8.69 Decreased By ▼ -0.12 (-1.36%)
TPL 20.24 Decreased By ▼ -0.10 (-0.49%)
TPLP 14.91 Decreased By ▼ -0.06 (-0.4%)
TREET 23.95 Decreased By ▼ -0.15 (-0.62%)
TRG 62.65 Increased By ▲ 0.28 (0.45%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Business & Finance

Time Warner Cable to buy Insight Communications for $3bn

Published Updated
Save
1 min
Comments
By Asad Naeem
Add BRecorder as a trusted
source on Google
Google Preferred Source

time-warner-cableNEW YORK: Time Warner Cable said it will buy The Carlyle Group's cable operator Insight Communications for $3 billion in cash, to broaden its presence in midwest United States.

Insight is the 10th-largest cable operator in the United States and sells cable television, high-speed Internet and telephone services, serving around 750,000 customers in Illinois, Indiana, Kentucky and Ohio.

This is Time Warner Cable's largest acquisition since it was spun off from former parent Time Warner Inc in 2009.

On Sunday, Reuters reported a deal was imminent, citing sources familiar with the matter.

 

Copyright Reuters, 2011

 

Comments

Comments are closed for this article.

More Stories

Browse all stories