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News Breaks
January 3, 2013
10:12 EDTCSGS, TWCCSG Systems says amended deal may cut 2013 TWC revenues by 7.5%
CSG Systems (CSGS) announced in a press release after yesterday's closing bell that Time Warner Cable (TWC) has extended its customer care and billing contract with CSG through March 2017. In a regulatory filing following the press release, CSG stated the company currently generates a material portion of its revenues from Time Warner Cable, noting that for 3Q12, CSG generated approximately 10% of its total revenues from Time Warner. CSG said its amended agreement includes pricing adjustments effective April 1, 2013 for certain products and services currently in use by Time Warner and, in exchange for these pricing adjustments, the agreement extends CSG’s contractual relationship with Time Warner for an additional four years through March 31, 2017, and includes commitments from Time Warner to purchase a minimum level of certain products and services from CSG over the contract term. These minimum financial commitments are calculated in a similar manner, and are relatively consistent with the annual amounts in the Current Agreement, CSG said. CSG said the amended agreement will have no impact to its results of operations for 2012. Considering the pricing impacts of the agreement and CSG’s expectation of usage levels for current contracted business, CSG anticipates 2013 Time Warner revenues may decrease by approximately 7.5% when compared to 2012. The anticipated revenue impact in both the near and long terms may vary depending on the actual level of products and services purchased by Time Warner and the revenue impact is only an estimate, the company added. In early morning trading shares of CSG Systems International rose 10c, or 0.54%, to $18.72.
News For CSGS;TWC From The Last 14 Days
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September 30, 2015
17:04 EDTTWCEarthLink, Time Warner Cable extend high-speed service agreement
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13:33 EDTTWCFCC review of Charter-TWC deal likely to extend into 1Q16, CTFN says
The FCC's review of Charter Communications' (CHTR) proposed merger with Time Warner Cable (TWC) and Bright House Networks will likely extend into the first quarter of 2016 and could take even longer, CTFN reports, citing an attorney who often deals with telecom issues before the FCC. "...It is virtually impossible for the FCC to complete its review and adopt an order approving the license transfer before 1Q16 and, in my opinion, even getting it done before April 1 is a stretch," Barbara Esbin, a partner at law firm Cinnamon Mueller, told CTFN in an email. Esbin also said that the merger "appears to have drawn none of the heavy flack that felled Comcast (CMCSA)-TWC," a proposal that was nixed by the FCC and DOJ earlier this year, the report says. California utility regulators are also preparing for their own review of the deal since it will particularly effect the southern half of the state, the report says. Reference Link
September 29, 2015
12:57 EDTTWCFCC nod for TWC, Charter deal may not be as easy as expected, dealReporter says
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September 28, 2015
09:12 EDTTWCRovi news a 'small positive first step,' says JPMorgan
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08:07 EDTTWCRovi, Time Warner Cable extend existing agreement
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September 23, 2015
13:34 EDTTWCLiberty Broadband shareholders approve proposals related to Charter merger
Liberty Broadband (LBRDA, LBRDK) announced that at its special meeting of stockholders, the holders of Liberty's common stock entitled to vote thereat approved both proposals presented at the meeting relating to Liberty's issuance of shares of its Series C common stock to third party investors, the proceeds of which will fund all or a portion of Liberty's purchase of $4.3B of stock of a new publicly traded Charter Communications (CHTR) following its proposed merger with Time Warner Cable (TWC), all as previously announced.
09:31 EDTTWCTime Warner Cable announces partnership with Telemundo
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September 21, 2015
16:51 EDTTWCTime Warner Cable confirms shareholder approval of merger with Charter
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15:58 EDTTWCCharter stockholders approve Time Warner Cable, Bright House transactions
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11:12 EDTTWCTime Warner Cable stakeholders approve Charter takeover, Reuters reports
Time Warner Cable (TWC) shareholders have approved its $56B takeover by Charter Communications (CHTR), Reuters reports, citing preliminary votes at a special shareholder meeting. Reference Link

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