Midwest Cable Inc, the cable company to be spun off from Comcast Corp after it buys Time Warner Cable Inc, said it would list its Class A common stock on the Nasdaq under the symbol "GLCI" in 2015. Upon completion of the merger, the company will change its name to GreatLand Connections Inc. (1.usa.gov/1tI9CiA)Comcast said in April it would divest 2.5 million subscribers across the U.S. Midwest and southeast into a new publicly traded company that would be two-thirds owned by Comcast shareholders and one-third by Charter.This was part of a three-way deal between Comcast, Charter Communications Inc and Time Warner Cable, aimed at winning regulatory approvals for Comcast's proposed $45 billion purchase of Time Warner Cable Inc. (Reporting By Lehar Maan in Bangalore; Editing by Saumyadeb Chakrabarty)
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 2.51% or $3.87/share to $158.27. In the past year, the shares have traded as low as $116.78 and as high as $167.30. On average, 973235 shares of CHTR exchange hands on a given day and today's volume is recorded at 384652.
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 2.52% or $3.6/share to $146.48. In the past year, the shares have traded as low as $116.98 and as high as $155.32. On average, 2089730 shares of TWC exchange hands on a given day and today's volume is recorded at 1671169.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.18% or $0.14/share to $79.79. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 6204280 shares of TWX exchange hands on a given day and today's volume is recorded at 2067920.
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