Time Warner Cable (TWC) has closed the US$600m acquisition of Dukenet Communications, which it agreed last October.
It bought Dukenet, which owns and operates an 8,700 mile fibre optic network, from utilities company Duke Energy and investment…
Time Warner Cable (TWC) has closed the US$600m acquisition of Dukenet Communications, which it agreed last October.
It bought Dukenet, which owns and operates an 8,700 mile fibre optic network, from utilities company Duke Energy and investment firm Alinda Capital Partners.
The operations will be absorbed into TWC’s enterprise unit, Time Warner Cable Business Class, which will use Dukenet’s network to provide voice, high-speed internet and cloud-enabled hosting services.
It will also use the additional fibre capacity to grow its carrier business, which provides network access to wireless operators.
RBC Capital Markets advised Duke Energy and Alinda on the sale, and Moore & Van Allen provided legal counsel.
Edwards Wildman Palmer provided legal advice to Time Warner Cable.
