Deals
Time Warner Cable Agrees to Acquire DukeNet for $600 Million
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Time Warner Cable Inc., the second-largest U.S. cable company, agreed to buy fiber-optic network provider DukeNet Communications LLC for $600 million in cash, bolstering its business services in the Southeast.
Time Warner Cable is acquiring the business from Duke Energy Corp. and investment funds managed by Alinda Capital Partners, according to a statement today. The deal, which includes the repayment of debt, is expected to close in the first quarter of 2014, assuming it passes regulatory hurdles.