Comcast Makes Deal To Divest Indiana Customers To New Company

By Ian Hoover- 21Alive

Comcast Makes Deal To Divest Indiana Customers To New Company

April 28, 2014 Updated Apr 30, 2014 at 3:37 PM EDT

FORT WAYNE, Ind. (21Alive) -- Comcast has reached a deal that will see them divest 3.9 million customers, including customers based in central and northeast Indiana.

The deal comes at a time where Comcast is trying to gain FCC approval for the purchase of Time Warner Cable. FCC regulators have been mulling over the purchase due to issues with Comcast becoming too large and having too much of a stranglehold on the cable market.

The plan is to move most of Comcast's Midwest cable subscribers to a brand new company called "SpinCo."

SpinCo will be a joint investment between Charter Communications and Comcast that will see Charter own 33% of the new company. Charter will also provide managing services for SpinCo.

The deal hinges on FCC approval of Comcast's merger with Time Warner Cable.

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