Time Warner Cable Inc. announced that they have completed their previously announced acquisition of DukeNet Communications, LLC. As a result of the $600 million transaction, Time Warner Cable adds more than 8,700 route miles to its fiber optic network that serve business customers in the Southeast, including key markets in North Carolina and South Carolina. This acquisition will improve their cell tower backhaul in those selected areas. Time Warner Cable Business Class provides a high-capacity Cell Tower Backhaul solution that serves as a solid foundation to satisfy the exponential traffic growth of next-generation mobile devices. “DukeNet and Time Warner Cable are perfect complements to each other and the customers we serve,” said Phil Meeks, Executive Vice President and Chief Operating Officer for Business Services at Time Warner Cable. “We welcome our new customers and look forward to serving their communications needs with our network’s expanded reach, additional product offerings and enhanced level of customer service. We’re also very excited for our existing customers, as this additional fiber capacity will enable us to extend our fiber reach and help them connect to our network from more business locations.” Time Warner Cable Business Class (TWCBC) anticipates utilizing the additional fiber to connect and serve business customers who need services such as voice, high-speed Internet and cloud-enabled hosting. In addition, TWCBC anticipates utilizing the additional fiber capacity to further grow its carrier business, which provides network access to wireless providers. TWCBC is a leader in this industry and last summer passed the milestone of providing services for more than 10,000 cell towers around the country.
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