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SpinCo to be known as GreatLand Connections Inc.
STAMFORD, Conn. and PHILADELPHIA, Sept. 3, 2014 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ:CHTR) and Comcast Corporation (NASDAQ: CMCSA, CMCSK) today announced the name of the new cable company that will be spun off from Comcast upon completion of the Comcast Time Warner Cable merger and the Comcast Charter transactions. The company referred to as "SpinCo" or "Midwest Cable LLC" will be known as GreatLand Connections Inc.
"We are pleased to publicly announce the name of this exciting new company we are building," said Michael Willner, President and Chief Executive Officer of GreatLand Connections. "The name GreatLand Connections pays homage to the rich history and striking geographies of the diverse communities in which the company will operate. It brings to mind our commitment to connecting people and businesses with terrific products and excellent service in the almost 1000 historic communities - large and small - across the 11 states we will serve."
GreatLand Connections Inc., a new, independent, publicly-traded company, will own and operate former Comcast systems serving approximately 2.5 million customers across the Midwest and Southeast. At its inception, it is expected to be the fifth largest cable company in the United States.
Charter (NASDAQ: CHTR) is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter TV video entertainment programming, Charter Internet access, and Charter Phone. Charter Business similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Charter Media brand. More information about Charter can be found at charter.com.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation's largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand and also provides these services to businesses. NBCUniversal operates 30 news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts. Visit www.comcastcorporation.com for more information.
SOURCE Charter Communications, Inc.
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