Time Warner Cable Inc. (TWC), the second largest cable multi service operator (MSO) in the U.S., is now bringing its all-digital TWC Maxx services to Kansas City, starting next week. This service will provide subscribers in the city, Time Warner Cable’s ultra-fast Internet speeds, advanced TV services and top-class dependability.
With the TWX Maxx initiative, Time Warner Cable aims to convert its network to an all-digital mode, doing away with the analog video channels. The TWC Maxx program retrieves bandwidth from analog video channels and uses the capacity to offer its subscribers faster broadband speeds and additional improved services, at no extra cost. Thus, as the conversion advances, subscribers in Kansas City will witness speed levels increasing from 15 Mbps to 50 Mbps, from 50 Mbps to 200 Mbps, and from 100 Mbps to 300 Mbps.
Kansas City subscribers will also gain access to Time Warner Cable’s next-generation whole-home DVRs. These boxes will allow them to watch and record 6 shows simultaneously, and record up to 150 hours of HD content apart from providing 1 TB of storage. Moreover, Time Warner Cable is also offering an all-digital TV lineup and an extended VOD library to its subscribers.
In 2014, the company had duly completed the rollout of its Maxx program in Los Angeles and New York City, consequently gaining higher broadband subscribers in the third quarter. Time Warner Cable thereafter took the TWC Maxx initiative to Austin, TX in the latter half of 2014, and hopes to carry out the transition therein early this year.
Notably, TWC Maxx upgrades are also expected to get underway in Dallas and San Antonio in the next few months, with Charlotte, Hawaii, Raleigh and San Diego lined up for the future. Moreover, Time Warner Cable aims to roll out TWC Maxx to all its markets through 2016.
In Feb 2014, Comcast Corp. (CMCSA) had reached an agreement with Time Warner Cable to acquire the latter in an all-stock deal valued at around $45.2 billion. Post-completion of the deal, existing Time Warner Cable’s investors will hold about 23% of the merged entity. At present, the proposed merger between the two companies is under strict regulatory scrutiny. A decision is expected in the first quarter of 2015.
Time Warner Cable retains a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the same sector include Liberty Global plc (LBTYA) and DigitalGlobe, Inc. (DGI), both with a Zacks Rank #2 (Buy).
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