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Cable Tv Operator Charter To 'wisely' Pursue Deals


Ron Burgundy
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Charter Communications Inc, whose bid to take over Time Warner Cable Inc was thwarted earlier this month, plans to grow its subscriber base through more deals, its chief executive said on a call with analysts on Friday. Charter CEO Tom Rutledge made few remarks about the company's failed pursuit of Time Warner Cable after having mounted a proxy battle last week. Charter was outmaneuvered in its $37.3 billion bid to acquire Time Warner Cable when Comcast Corp offered $45.2 billion. Rutledge declined to comment when asked if he was worried about the size of Comcast, already the No. 1 cable provider in the United States, if regulators allow the Time Warner Cable deal to go through.

 

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