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FTC Approves Charter's Acquisition of Optimum West
$1.625 Billion Deal Gets the Green Light
by Karl Bode 06:12PM Tuesday Mar 19 2013
The FTC has given their approval for Charter's acquisition of Cablevision's "Optimum West" territories for $1.625 billion in cash. The 300,000 customers in Colorado, Montana, Wyoming and Utah have only just seen the paint dry on their last sale, from Bresnan Communications to Cablevision for $1.37 billion just two years ago. Charter beat back companies like Suddenlink and Time Warner Cable who were also interested. "Optimum West is an ideal fit for Charter and we anticipate an efficient integration process," said Charter CEO Tom Rutledge. Rumors meanwhile have intensified that Cablevision may finally be sold, with Time Warner Cable the most likely suitor.

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Skippy25

join:2000-09-13
Hazelwood, MO

Interesting...

For a company that has never made any money (Charter) they sure do seem to have a lot of money to spend.

msmisfit

join:2004-09-13
Lawrenceville, GA
kudos:2

Re: Interesting...

I think they are just anxious to grab any territory that has little or NO competition. Makes pricing so much easier.

88615298
Premium
join:2004-07-28
West Tenness

Re: Interesting...

said by msmisfit:

I think they are just anxious to grab any territory that has little or NO competition. Makes pricing so much easier.

That would be just about EVERYWHERE since 99.999% of America does not have competiting cable companies.

DrDrew
That others may surf
Premium
join:2009-01-28
SoCal
kudos:15

1 recommendation

Re: Interesting...

said by 88615298:

said by msmisfit:

I think they are just anxious to grab any territory that has little or NO competition. Makes pricing so much easier.

That would be just about EVERYWHERE since 99.999% of America does not have competiting cable companies.

Except just about everywhere Uverse and FIOS are available...
--
Two is one, one is none. If it's important, back it up... Somethimes 99.999% availability isn't even good enough.

Probitas

@teksavvy.com

shell game?

Could be being bought out through a dummy corporation owned by one of the mains, wouldn't be the first time someone tried an end run around ethics and law.
15444104
Premium
join:2012-06-11

Agreed Probitas!

Considering the nasty and pithy attitude of the new CEO
Tom Rutledge towards their current customers I wouldn't doubt that "Mr. Helicopter" is slimy, nasty, and unethical in other dealings as well.

jap
Premium
join:2003-08-10
038xx

Re: Agreed Probitas!

Click for full size
said by 15444104:

I wouldn't doubt that "Mr. Helicopter" is slimy, nasty, and unethical in other dealings as well.

Ha! I know nothing of Charter or Mr. Rutledge but your post made me curious so went to see what Wikipedia had to say and was greeted by one fat cautionary banner which essentially dismisses every aspect of the page. Someone should trace the editor IPs.

ARGONAUT
Have a nice day.
Premium
join:2006-01-24
New Albany, IN
kudos:1

Can you smell what Charter's cooking...

The FTC is another one on the take. Just like the FCC.

"Too big to fail" is the recipe of the day.
tasmithe

join:2002-09-16
Graham, NC

Re: Can you smell what Charter's cooking...

Well so much for Leadville's cable. Charter is simply awful in many areas and they will be awful there too.

Where do they get the money to buy systems when they are broke? Interesting indeed.