Cable broadband and TV operator Time Warner Cable (TWC) has confirmed the suspension of its ‘Maxx’ broadband and TV upgrade programme. According to DSLReports, the cableco has opted to halt the programme until the ‘dust settles’ from Charter Communications’ USD79 billion acquisition of TWC and fellow cable operator Bright House Networks. Whilst TWC has been actively overhauling its infrastructure to deliver peak downloads of up to 300Mbps, since 26 May it officially put the programme on hold. ‘The Maxx Internet Speed Increase Program is currently undergoing review by our leadership team,’ confirms a memo, suggesting that new owner Charter is reviewing its new assets before moving forward.
According to TeleGeography’s GlobalComms Database, in May this year Charter Communications confirmed that it had closed its previously announced acquisitions of TWC and Bright House Networks. The enlarged company will be led by Tom Rutledge, who will serve as Chairman of the Board, President and CEO. Confirming the development, Rutledge commented: ‘I want to thank the management teams and all of the employees at Charter, Time Warner Cable and Bright House Networks for their hard work over these past twelve months. Despite much distraction, they kept their focus on the customer, and as a result, today we join together three companies, each operating with tremendous momentum.’ Going forward, he has hinted that the acquired cablecos will see their respective products marketed under Charter’s favoured ‘Spectrum’ brand name. The combination of Charter, TWC and Bright House will create a broadband services and technology provider serving over 25 million customers in 41 states.