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Time Warner Cable's $55B merger deal

Posted: 10:45 AM, Sep 25, 2015
Updated: 2015-09-25 14:45:14Z

St. Louis, Missouri based Charter Communications wants to buy Time Warner Cable here in New York.

Thursday evening New York Public Service Commission along with Charter Representatives listened to customers' comments and concerns at a public hearing in Amherst.

Charter is now waiting for the go-ahead from the New York Public Service Commission in order to make the $55 billion purchase.

This up and coming cable company is promising to create more call center jobs in Western New York, as well as offer faster internet and cheaper rates.

Already the merger is gaining a lot of support from Western New York business leaders, but not all customers are on board just yet.

One customer says she is concerned about keeping a basic level of television service available for people if this merger is to take place.

It was almost a year ago when the $45 billion merger deal between Time Warner and Comcast fell apart. There were concerns Comcast would control too much of the nation’s internet traffic.

The New York Public Service Commission is expected to vote on the Charter – Time Warner merger deal within the next couple of months.

It’s not expected to face much opposition from state leaders.

 
 

 

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