TWC to Buy NewWave Systems in KY, TN

Time Warner Cable and NewWave Communications announced a definitive agreement under which Time Warner Cable will acquire cable systems serving approximately 70,000 basic video subscribers, 42,000 HSD subscribers, and 26,000 phone subscribers in Kentucky and west...

Time Warner Cable and NewWave Communications announced a definitive agreement under which Time Warner Cable will acquire cable systems serving approximately 70,000 basic video subscribers, 42,000 HSD subscribers, and 26,000 phone subscribers in Kentucky and western Tennessee for $260 million in cash. The parties expect closing to occur during the fourth quarter of 2011.
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