Why the Charter-TWC merger could be a big deal for wireless and mobile, too


Fortune

The three-way deal between Charter Communications, Time Warner Cable and Bright House Networks would create a paid TV and broadband giantrivaled only by Comcastbut the deal has implications beyond the cable market. If the acquisition gets past regulatory obstacles, it could lay the groundwork for a wireless network that Charter could use to challenge major mobile carriers.

The complex deal would see Time Warner Cable [fortune-stock symbol=”TWC”] folded into its smaller rival Charter in a half cash, half stock deal valued at $78.7 billion. Charter [fortune-stock symbol=”CHTR”] will also purchase Bright House Networks, a cable company operating primarily in the southeast U.S., from its parent Advance/Newhouse for $10.4 billion. The resulting company will be called New Charter and have 23.9 million cable subscribers in 41 states. It will be owned by TWC and Charter shareholders with Liberty Broadband and Advance/Newhouse holding minority stakes. And it will…

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