Insight Fails to Find a Buyer
Most Companies Found Asking Price Too Steep
After offloading a large number of Midwest markets to Comcast just a few years ago
, Insight Communications (see our customer reviews
) owners The Carlyle Group again began shopping the cable company around to potential suitors earlier this year. The company, which offers broadband, voice and TV service to roughly 750,000 customers across Illinois, Indiana, Kentucky and Ohio, had originally hoped to get somewhere between $3.5 and $4 billion. That number was too high for Time Warner Cable, Suddenlink Communications, and Charter -- all of whom dropped out in the early running. That left Mediacom Communications, Cablevision Systems and WideOpenWest as the only suitors, but they too have now either dropped out of the running
or not bid. Carlyle will likely now be forced to lower the minimum $3.5 billion asking price.
Re: A I have the same two options at my place. Time Warner isn't making anything better available right now, because if they were, we'd get it shortly after. Insight BB in CMH *is* Time Warner. If they got faster speeds, we would/will.
We can hope the situation changes, but selling Insight to Time Warner is a no-op, and WOW, I have to assume, just doesn't have the capital to do the job, or they'd already own the overbuild market by offering substantially more than TW or ATT.
I'm a WOW fan, but I don't think I can get it at my house, and even if I could, it's not dramatically better, just incrementally.
The future here, if it exists, is wireless. I expect that to outpace the cable plant rollouts here.
said by scantor:That's actually not true. TW is absolutely offering wideband in basically all of their service area in central Ohio now and all around the rest of the state as well. 30/5 and 50/5 speeds available. And while Insight RR in Columbus is essentially the same as TW (same back end or something) they do not simply offer the same stuff. Insight has no plan to match TW's speeds anytime soon despite TW's wideband being available for a couple months now. I'm in an Insight, AT&T, WOW area. Will be switching to WOW this fall when their D3 rolls out. Was with Insight for several years until they took 8 months to split a node they oversold. Switched to AT&T and they announced that they'd be implementing caps (not in effect yet but could be any day now) plus the bandwidth you pay for is shared between internet and TV so if you have a 24/3 connection (as I did) but are watching/recording 2 or more things it starts cutting into your available internet bandwidth. Ended up taking my speed down to 18/1.5 because of that crap.
I have the same two options at my place. Time Warner isn't making anything better available right now, because if they were, we'd get it shortly after. Insight BB in CMH *is* Time Warner. If they got faster speeds, we would/will.