Charter to buy Time Warner cable subscribers

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MILWAUKEE (AP) -- Most cable customers in Wisconsin will be served by Charter Communications under a deal announced Monday by Charter and Comcast.

Comcast is in the process of buying Time Warner Cable for $45.2 billion. As part of that deal, Comcast will divest nearly 4 million subscribers, ensuring it will end up less than 30 percent of homes that subscribe to cable or satellite TV in the U.S.

Charter spokesman Alex Dudley says the deal calls for Charter to buy 1.4 million Time Warner subscribers from Comcast for an estimated $7.3 billion.

Charter also will buy one-third of a spin-off company Comcast is creating to service 2.5 million Comcast customers. That deal is worth an estimated $2.1 billion.

Dudley says customers should find the transition from one provider to another seamless.

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