Time Warner Cable spending $260M for NewWave subscriber in KY, TN

Time Warner Cable (NYSE: TWC) has apparently deviated from its goal of becoming a broadband-first provider by acquiring pieces of NewWave Communications' cable systems in Kentucky and Western Tennessee for around $260 million.

What makes the acquisition so interesting is that NewWave fattens the TWC subscriber rolls with 70,000 basic video subscribers, 42,000 Internet subscribers and 26,000 phone subscribers even as the MSO vows to concentrate its efforts on acquiring more broadband subscribers--whether they subscribe to cable TV or not.

Of course the subscriber numbers for the deal, expected to close in the fourth quarter, are a drop in the bucket compared to TWC's overall base of 14.5 million customers.

For more:
- the New York Post has this story

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