Time Warner Cable Buys DukeNet for $600 Million

Local fiber optic network sold in cash deal

It's been true for a while now that new cable subscribers are fairly thin on the ground—Time Warner Cable has picked an innovative way to make up the shortfall today by purchasing in a $600 million cash deal the North Carolina fiber optic cable network DukeNet. Based in North Carolina, the network also serves South Carolina and five other states in the Southeast.

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