By Minda Smiley

Broadband communications company Charter Communications has announced it will acquire Bright House Networks, the sixth largest cable operator in the US, for $10.4b.

Charter, which is currently the country’s fourth-largest cable operator, said it will become the second largest cable operator in the states after the deal, behind Comcast-Time Warner Cable.

Last year, Charter attempted to buy Time Warner Cable but lost to Comcast. Now, Time Warner Cable and Comcast are undergoing a regulatory review of the proposed acquisition by Comcast.

Bright House serves about 2 million video customers in central Florida including Orlando and Tampa Bay as well as Alabama, Read full story ›

Source: The Drum