Originally Appeared in Fierce Cable
December 18, 2015
As it seeks regulatory approval to acquire Time Warner Cable, Charter Communications announced details on Thursday of plans for a low-cost broadband service priced at $14.99 monthly for eligible low-income households, including seniors.
Charter (Nasdaq: CHTR) is based in Stamford and offers cable service in the Fairfield County towns of Trumbull, Monroe, Newtown, Brookfield, New Fairfield and Sherman, as well as parts of Litchfield County and in Eastern Connecticut. If approved, Charter’s takeovers of New York City-based Time Warner Cable (NYSE: TWC) and Syracuse, N.Y.-based Bright House Networks would make the combined company the second largest cable TV carrier in the nation after Philadelphia-based Comcast (Nasdaq: CMCSA).