Charter Communications (CHTR) agreed to buy Time Warner Cable (TWC) for more than $55 billion in cash and stock, a deal that’s valued at $78.7 billion. The combined company would have 23.9 million customers in 41 states, becoming the nation’s second-largest cable company behind Comcast (CMCSA). As part of the deal, Charter will also buy Bright House Networks for more than $10 billion. Tuna Amobi, senior equity analyst at S&P Capital IQ, weighs in on how the mega-deal will change the competitive landscape within the industry. Amobi says the combined company will be very well-positioned to compete against bigger rivals and will be lead by Charter CEO Tom Rutledge, who he says is regarded as one of the best operators in the industry. As far as the broadband side, Amobi says innovation at the combined company is to be expected and customers will likely experience benefits like better pricing through Charter than Time Warner Cable.
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