Time Warner Cable Closes Acquisition Of DukeNet Communications

(RTTNews) - Time Warner Cable Inc. (TWC) announced the completion of its previously announced acquisition of DukeNet Communications, LLC.

Time Warner Cable said as a result of the $600 million transaction, the company adds more than 8,700 route miles to its fiber optic network that serve business customers in the Southeast, including key markets in North Carolina and South Carolina.

Time Warner Cable Business Class or TWCBC anticipates utilizing the additional fiber to connect and serve business customers who need services such as voice, high-speed Internet and cloud-enabled hosting. In addition, TWCBC anticipates utilizing the additional fiber capacity to further grow its carrier business, which provides network access to wireless providers.