Within a year after its $45 billion acquisition of Time Warner Cable Inc closes, Comcast Corp aims to make its advanced X1 cable service available in areas such as New York and Los Angeles and other markets where it will gain a commanding new presence. "We'll be within the first markets in a year," Neil Smit, president and chief executive of Comcast's cable unit, told Reuters.The new technology would "bring considerably higher Internet speeds to Time Warner Cable customers" in those cities, Smit said, and give them access to such X1 services as Internet applications, viewing recommendations and voice control.Features offered by the cloud-connected X1 cable box system could help Comcast pick up subscribers in major cities where Time Warner Cable's growth has stalled in recent years. Gaining entry to the New York and Los Angeles markets was part of the strategic rationale behind Comcast's offer to purchase TWC.In Los Angeles, satellite operators have emerged as big providers of pay television services, while in New York, Verizon's video services has taken significant market share.
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 traded higher by 0.02% or $0.03/share to $142.13. In the past year, the shares have traded as low as $92.87 and as high as $147.28. On average, 3538790 shares of TWC exchange hands on a given day and today's volume is recorded at 1631109.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 1.0% or $-0.67/share to $66.20. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5750590 shares of TWX exchange hands on a given day and today's volume is recorded at 4055700.
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