Time Warner Cable Additions Stronger Than Expected, CEO Says
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Time Warner Cable Inc.’s customer additions were stronger in August than the company had expected when it reported second-quarter results, said Chief Executive Officer Glenn Britt. Shares rose the most in 11 months.
Britt said the company was showing “relative strength” in net additions of video, voice and high-speed data customers compared with 2010. He estimated further growth in September, when seasonal trends including students leaving for college and the beginning of the football season lead to more subscriptions.