Tech industry signs cyber security charter
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Charter Communications has moved 30 percent of the customers it acquired in a blockbuster merger onto new pricing plans, resulting in many people paying higher prices.
Charter closed the acquisitions of Time Warner Cable (TWC) and Bright House Networks in May 2016. Before the merger, Charter had about 6.8 million customers; afterward, Charter had 25.4 million customers in 41 states and became the second-largest US cable company after Comcast.
The merger was quickly followed by customer complaints about pricing in the acquired territories. In November 2016, we noted that “tens of thousands of ex-Time Warner Cable video subscribers have canceled their service since the company was bought by Charter, and pricing changes appear to be the driving factor.” At the time, Charter CEO Thomas Rutledge explained that the TWC video customer base was “mispriced” and needed to be moved “in the right direction.”
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Charter CEO Tom Rutledge met with President Donald Trump today, and he made a splashy promise to “invest $ 25 billion in broadband infrastructure and technology in the next four years.”
But Charter, the second biggest US cable company after Comcast, was already planning broadband expansions during the Obama administration. When Charter purchased Time Warner Cable and Bright House Networks 10 months ago, it agreed to a merger condition requiring it to bring 60Mbps download speeds to an additional two million customer locations.
The spending Charter promised Trump today won’t guarantee broadband access for any additional customers beyond what the company already committed to during the Obama years.
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Naked Security |
News in brief: fake news move; 'massive' data breach; spook welcomes Snooper's charter
Naked Security Amid the concerns about “fake news”, Google is rolling out a change to desktop search to remove its “In the news” section and replace it with a “Top stories” carousel with links to news sites. The aim is to distinguish between the Google News product … |