Time Warner Cable to buy DukeNet Communications for $600 mln
Oct 7 (Reuters) - Cable company Time Warner Cable Inc agreed to buy fiber optic network provider DukeNet Communications LLC for $600 million in cash to boost its service in the Carolinas.
Duke Energy Corp owns 50 percent of DukeNet. Investment funds managed by Alinda Capital Partners own the rest.
The transaction is expected to close in the first quarter of 2014.