Comcast to lose 3.9 million subscribers as part of cable deal

28/04/2014 - 11:27

(Reuters) - Comcast Corp said it would sell businesses resulting in a loss of 3.9 million video customers as part of its proposed $45.2 billion merger with Time Warner Cable Inc.

As part of the deal, Charter Communications will acquire about 1.4 million Time Warner Cable subscribers, making it the second-largest cable operator in the United States, Comcast and Charter said in a statement.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Saumyadeb Chakrabarty)