Time Warner Cable has completed the purchase of DukeNet Communications for $600 million, acquiring an 8,700-mile fibre optic network in the south-eastern US states of North and South Carolina.
The purchaser wants to use the additional network to connect and serve business customers with services such as voice, high-speed internet and cloud-enabled hosting. It also expects to use the extra capacity to grow its carrier business, which provides network access to wireless providers. Time warner Cable provides services to more than 10,000 cell towers around the USA.
'DukeNet and Time Warner Cable are perfect complements to each other and the customers we serve,' said Phil Meeks, executive vice president and chief operating officer for business services at Time Warner Cable.
'We welcome our new customers and look forward to receiving their communications needs with our network's expanded reach, additional product offerings and enhanced level of customer service. We're also very excited for our existing customers, as this additional capacity will enable us to extend our fibre reach and help them connect to our network from more business locations.'