Time Warner Cable had more than 608,000 super-fast broadband...
Time Warner Cable had more than 608,000 super-fast broadband subscribers in Q2, double the number of such wideband customers in the same quarter last year, the company reported Thursday (http://bit.ly/142WFCS). That increase, along with a 21 percent increase in business…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
services revenue to $565 million, helped drive the company’s $5.55 billion in revenue for Q2 2013, a 2.7 percent improvement over Q2 2012. TWC had net income of $481 million this quarter, up from last year’s Q2 net income of $452 million. TWC’s growth in business services revenue -- the 13th straight quarter of such growth -- came primarily from increases in the number of high-speed data and voice subscribers and “growth in cell tower backhaul revenue,” said the earnings release. Advertising revenue decreased 1.9 percent to $260 million, because of a decline in paid political ads, said TWC. During Q2, TWC increased the number of its Wi-Fi access points in New York City to 19,000 and released versions of its TV Everywhere offering for Roku, Samsung Smart TV and Xbox, the company said. Time Warner Cable stock closed up 3.2 percent to $117.78 Thursday.