Charter Communications doesn’t need to acquire Time Warner Cable...
Charter Communications doesn’t need to acquire Time Warner Cable to improve its credit profile or create value for Liberty Media, a 27 percent owner of Charter, said Moody’s Investors Service in a report released Friday. Unless the companies combine, “we…
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believe there are few other opportunities for transformative M&A [mergers and acquisitions] over the next couple of years as most suitable targets come with constraints,” it said. Charter can continue targeting the 7 million homes within its footprint that it doesn’t serve and expand its commercial business, which represents about 10 percent of total revenue, the report said. Other possible mid-sized targets would be tough to pull off, it said. Charter would likely have a tough time convincing attractive targets like Mediacom and Cox Communications to strike a deal, “unless it were willing to pay a high price,” the report said.