Update: see Bob Fernandez's Inquirer story here. Earlier: Comcast this morning laid out plans to move 3.9 million customers to other companies, after buying Time Warner Cable. The deals are designed to raise cash to pay down debt, while also slipping the combined cable-Internet-phone-entertainment giant below the FCC's guidelines limiting cable companies to 30 percent of the U.S. market.
The deal calls for Comcast to sell 1.4 million customers to Charter Communications, which will be the second-largest cable operator after Comcast sells. Also, Charter would set up and be a minority owner of an independent, publicly-traded company to serve another 2.5 million customers. And, Comcast and Charter would trade systems serving a total of 3.2 million customers in ways that would help each to consolidate its geographic territory.