Time Warner Cable buying Insight Communications

Time Warner Cable can acquire cable operator Insight Communications, the larger cable company announced these days.

According to Time Warner Cable, it will pay $3 billion in money for Insight Communications, that currently offers tv, Internet, and phone service to more than 750,000 customers across Indiana, Kentucky, and Ohio.

Time Warner Cable has over 14 million customers using its service around the U.S.

Earlier this morning, The Wall Street Journal reported the businesses were nearing an agreement, and would announce the deal at some point these days. additionally, the Journal reported that point Warner Cable outbid a number of other firms that were attempting to accumulate Insight, together with competitor Cablevision.

With the addition of Insight, Time Warner Cable currently puts itself in a much better position to take on its larger competitor, Comcast. That company also has not been a stranger to acquisitions. Earlier this year, Comcast