Charter Makes Digs at Time Warner Cable While Trying to Buy It LA Times
Charter Communications executives took some digs at Time Warner Cable, telling analysts on a conference call that they believe the cable operator is a troubled asset with poor leadership and customer service, reports the Los Angeles Times.
“And Charter is eager to make a deal valued at more than $60 billion to buy it,” the story adds, noting that the hourlong conference call was largely devoted to “shredding Time Warner Cable and its management team.” As we reported earlier this week, Charter made a $61.3 billion offer for TWC.
Among the criticisms Charter executives laid out: Time Warner Cable has substandard video packages, slow Internet service, and has “fallen into the trap of nickel and dime charges to its customers for things like modem rentals and pass-through fees,” Charter Chief Operating Officer John Bickham said.
The call was intended to make the argument that Charter would run the company more effectively and that its bid, which was rejected by Time Warner Cable, is fair, the story notes.
Time Warner Cable responded by saying nothing in Charter's presentation “changes the fact that its proposal is grossly inadequate,” the piece reports.