Time Warner Cable Inc, which recently rejected a takeover offer from Charter Communications Inc, posted better-than-expected quarterly results as its high-speed data subscribers opted for expensive plans.In the fourth quarter, the U.S. cable operator added 39,000 net residential Internet subscribers, a turnaround from a weak third quarter when it lost 24,000 subscribers.The company said residential subscriber activity improved sequentially each month in the quarter and continued to improve in January.Cable operators in the United States are increasingly depending on Internet customers for growth as they face rising programming costs and continue to lose cable TV subscribers to telecom and satellite companies.
Charter Communications, Inc. (Charter) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Shares of CHTR traded higher by 1.16% or $1.59/share to $138.24. In the past year, the shares have traded as low as $76.19 and as high as $144.02. On average, 1061010 shares of CHTR exchange hands on a given day and today's volume is recorded at 3020744.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC fell by 1.2% or $-1.61/share to $132.10. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2946680 shares of TWC exchange hands on a given day and today's volume is recorded at 3452448.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 1.3% or $-0.82/share to $62.32. In the past year, the shares have traded as low as $49.90 and as high as $70.77. On average, 4747290 shares of TWX exchange hands on a given day and today's volume is recorded at 7576243.
Source
