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Anjali Athavaley Business debt U.S. 

Altice weighing takeover offer for Charter: sources

August 9, 2017 By Liana B. Baker and Anjali Athavaley (Reuters) – Netherlands-based telecom conglomerate Altice NV and its U.S. cable unit are in the early stages of working on an offer to buy Charter Communications Inc , sources told Reuters on Wednesday, in a move that would build more scale in the United States. The proposed plan highlights an expected wave of consolidation in the telecom industry as cable companies look for additional ways to cut costs and grow with more U.S. consumers cutting their cords. It also illustrates…

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Anjali Athavaley cable Entertainment Top News TV U.S. 

U.S. cable firms embrace former foe Netflix as TV viewing shifts

August 6, 2017 By Lisa Richwine and Anjali Athavaley (Reuters) – A growing number of U.S. cable operators are forming alliances with Netflix Inc NFLX.O, a shift that is helping the streaming pioneer add customers as its largest single market matures. No. 3 distributor Charter Communications Inc CHTR.O is expected to make Netflix available through its set-top boxes, joining more than a dozen top U.S. pay television operators adopting a model first rolled out in Europe. Some U.S. providers could start selling the streaming service as part of their Internet…

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Anjali Athavaley Business Charter Communications internet Sprint Corp 

Charter Communications says ‘no interest’ in buying Sprint

July 31, 2017 (Reuters) – Charter Communications Inc is not interested in Sprint Corp’s proposal to be acquired by Charter, a company spokesman said. Sprint proposed a merger with Charter as the wireless carrier seeks an alternative to a deal with T-Mobile US Inc that has so far not come to fruition, sources familiar with the matter told Reuters on Friday. Japan’s SoftBank Group Corp, which controls Sprint, proposed a complex transaction that would create a new company and be controlled by SoftBank, the sources said. “We understand why a…

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About 37,000 AT&T workers go on three-day strike

May 19, 2017 (Reuters) – About 37,000 AT&T Inc workers, or less than 14 percent of the company’s total workforce, began a three-day strike on Friday after failing to reach an agreement with the No. 2 U.S. wireless carrier over new contracts. This is the first time that AT&T wireless workers are on strike, which could result in closed retail stores during the weekend, according to the Communications Workers of America (CWA) union. The workers on strike are members of the CWA. The workers are demanding wage increases that cover…

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