Home » Bresnan »Cablevision »Charter »Consumer News »Editorial & Site News »Rural Broadband »Suddenlink »Time Warner Cable » Currently Reading:

Cablevision West For Sale: Time Warner Cable, Charter, Suddenlink All Submit First-Round Bids

Here today, gone tomorrow.

Here today, gone tomorrow.

Cablevision West, formerly known as Bresnan Communications, has been up for sale for weeks, and at least three major cable operators have submitted bids to acquire its 300,000 customers in Montana, Wyoming, Colorado and Utah.

Cablevision bought Bresnan Communications in 2010 for $1.37 billion. The cable operator invested millions updating the cable properties in the mountain west, but ultimately decided the more rural cable systems were too far away from its hometown systems in densely populated suburban New York, New Jersey, and Connecticut.

Selling Cablevision West would improve Cablevision’s balance sheet and allow the company to concentrate on its highly competitive home territory in the northeast, where Verizon FiOS frequently competes.

Among the three vying for Cablevision West, Charter Communications seems to be the best positioned to win. Charter already operates cable systems in the central and western United States, mostly in smaller cities and rural areas. Former Cablevision CEO Thomas Rutledge was in charge when Cablevision bought Bresnan Communications, and in his new role as CEO of Charter, he told CNBC he still admires those western systems.

Suddenlink has attained deeper pockets after its acquisition earlier this year by the Canada Pension Plan Investment Board, European private equity firm BC Partners and the cable operator’s current management. With money to spend, Suddenlink Communications could find itself the highest bidder. Suddenlink currently serves over 1.4 million residential and commercial customers, primarily in Texas, West Virginia, North Carolina, Oklahoma, Arkansas and Louisiana.

Time Warner Cable, the second-largest U.S. cable provider, is also among the stingiest of the three bidders. CEO Glenn Britt has consistently told investors the company will not engage in bidding wars or overpay for acquisition opportunities. The company has passed on several earlier opportunities for cable systems up for sale, although it did successfully acquire Insight Communications earlier this year.

The winner will likely be announced as early as January and then customers will have to prepare, once again, for another owner to take control.

Currently there is 1 comment on this Article:

  1. jr says:

    They can afford to buy Cablevision but can’t afford not to have usage caps. Selective austerity

Search This Site:

Contributions:

Recent Comments:

  • Rob: Nobody is ok with caps, but it's becoming increasingly frustrating tnat nothing is being done about them. I see site after site, forum after forum dem...
  • Joe V: I want to ask how many of you are OK with these data caps? I'm not. This is extortion....
  • David: "Broadband services would be a better solution for customers who need more high-speed for tethered devices." I live in a broadband profit deadzone....
  • Edna Crabapple: How do you cancel cable when you live in a rural area with no OTA signal? It's all well and good to cancel cable tv IF you can put up an antenna and ...
  • Roger: I would really like to subscribe to Netflix, Hulu or have the ability to stream music or videos whenever I want but the Comcast data cap is preventing...
  • Ddjdj: 1. It's not Data Theft. It's us using a feature of our smartphone and we are able to use our purchased device however we wish. 2. Blaming root users i...
  • Sherry Hammerquist: The only options that I have for internet service is dial up or satellite. TRYING LIVING ON 10 GB PER MONTHS. For some reason I live in a bubble and ...
  • tommy: Where the he'll is the class action lawsuit?? Your just a bunch of McDonald Trump sheep! These corporate things are now persons!! Monopolies owning ev...
  • Robert Edwards: I was a comcast customer in Charleston, SC. During my first two months with them I received $60 in overages on their top data plan. Fortunately for ...
  • dawsonfiberhood: Poor Legere! Poor, poor, hysterical douchebag hipster wannabe Legere... The dam he built to create a false shortage and drive up prices is springing o...
  • Sharon: I currently only have cable, this was their Twitter reply to me "After review of the account I see that services are currently discounted at the r...
  • Elsa: Thanks, I probably should buy a new router anyway - I am going to see if any you recommended will work with Cox....

Your Account: