(Reporting by Yinka Adegoke, Writing by Michael Erman; Editing by Dale Hudson and Muralikumar Anantharaman)
(Reuters) - Time Warner Cable has reached a deal to buy The Carlyle Group's cable operator Insight Communications Co for around $3 billion in cash, a source familiar with the matter said on Sunday.
Time Warner could announce the deal as soon as Monday morning, the source said.
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us.mobile.reuters.com/article/bu···rpc=932Insight is the 10th-largest cable operator in the United States, Carlyle's website says. It sells cable television, high-speed Internet and telephone services, serving around 750,000 customers in Illinois, Indiana, Kentucky and Ohio.
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Time Warner Cable to Buy Insight for $3 Billion