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Communications Businesses

Time Warner Sells Telecom Business to Level 3 38

Posted by Unknown Lamer
from the lose-an-arm-gain-nationwide-monopoly dept.
gavron (1300111) writes "We all know about TW Cable being acquired by Comcast (subject to regulatory approval) but news from today is that their non-cable business is being purchased by Level3 for almost 6 billion dollars.

What used to be the 'largest media and distribution company ever' (AOL Time Warner) is now nothing more than a garage of pieces being parceled off to the first available bidder. This might be good for consumers, but recently Time Warner (and Comcast) won awards for consumer hatred."
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Time Warner Sells Telecom Business to Level 3

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  • I was expecting a story about them setting some obscure voip service or something. With AOL split off I'm curious these remaining properties are that something thinks qualify as a "telecom" business.

    • by jbolden (176878)

      They have to move a lot of data to those local cable providers. They need a substantial backend to do it, tons of bandwidth running between cities. That's what Level 3 (http://www.level3.com) would be interested in. Bandwidth, access points, colos / generators. That is the core of a telecom business.

      • They have to move a lot of data to those local cable providers. They need a substantial backend to do it, tons of bandwidth running between cities. That's what Level 3 (http://www.level3.com) would be interested in. Bandwidth, access points, colos / generators. That is the core of a telecom business.

        You're talking about a tier1 network, and as far as I know, Time Warner doesn't have one. They likely pay Level3 for that kind of service because that's what Level3 does. According to the article this is Time Warners business lines. So these are T1s, T3s, Managed services like VOIP, etc...

    • by morgauxo (974071)

      Maybe they are buying a warehouse full of old AOL dialin modems.

    • by ewieling (90662)
      Because TW Telecom has "more than 27,000 route miles of fiber and over 16,000 "on-net" commercial buildings connected. "
  • by Comen (321331) on Tuesday June 17, 2014 @05:50AM (#47252711)

    You need to change the subject, no where does it state that Time Warner sold anything.
    TW Telecom was not a part of Time Warner anymore, it was broken off years ago, the name changed from Time Warner Telecom to TW Telecom so they could keep some brand recognition, but they could no longer use the Time Warner name. The news announcement states that TW Telecom was bought by Level3, so stating that Time Warner sold its telecom business seems wrong to me. Unless maybe Time Warner still owned some of the company, since Time Warner itself no longer is part of Time Warner Cable either, they were broke apart years ago also, so that Time Warner is mostly all just media holdings, like movies and magazines.
    Either way, I am pretty sure your title for the article is WRONG.

    • by Anonymous Coward

      Agreed. A little application of common sense could have prevented this nothing-to-do-with-the-price-of-tea-in-China posting travesty. Does anyone really think that Time Warner Cable would be allowed to sell off a $6 billion asset in the middle of the Comcast acquisition unless it had been agreed upon up front? All of the discussed spin-offs (e.g. to Charter) are scheduled to take place after the acquisition is complete.

      And Time Warner != Time Warner Cable. They are two completely separate companies.

    • by Yebyen (59663)

      Yes, agreed, we are TW Telecom customers and my boss, who has been around long enough to know, reminds me every time I say "Time Warner" that "It's Not Time Warner". The name of the company is TW Telecom or TWTC. It has nothing to do with Time Warner or Time Warner Cable these days. Submitter.Insert(foot,mouth), Editor.Shame()

    • by Anonymous Coward

      Would be cool if the editors even had a basic tech subject matter understanding, that is probably asking too much from folks who can't write coherent sentences though. They're focused on breathing and now swallowing their tongues.

    • by Anonymous Coward

      " the name changed from Time Warner Telecom to TW Telecom so they could keep some brand recognition"

      Well then theres no room to bitch when people think its the same brand now is there?

  • Same idea that big companies seem to be pulling lately; let's stifle innovation, ignore what the client wants, the internet doesn't exist, we deserve to charge the client more money because we are doing a great job, it's 1988.
  • TWTelecom, despite the name, has zero to do with Time Warner. Once owned partly by Time Warner, they were split off years ago, like 2003, and have been independent since then.
    • Editing [wikipedia.org]

      "The editing process can involve correction, condensation, organization, and many other modifications performed with an intention of producing a correct, consistent, accurate and complete work."

      I've not got access to the contract terms or job descriptions at /. HQ, but I'm pretty sure at least one of those words will be included in the details for an "Editor" position.
      • by wbr1 (2538558)

        Editing [wikipedia.org] "The editing process can involve ... work."

        Edited to show what the /. eds avoid.

      • Editing [wikipedia.org] "The editing process can involve correction, condensation, organization, and many other modifications performed with an intention of producing a correct, consistent, accurate and complete work." I've not got access to the contract terms or job descriptions at /. HQ, but I'm pretty sure at least one of those words will be included in the details for an "Editor" position.

        News Editors haven't been doing that for a long time. Just look at the farse news on ABC, CBS, NYTimes, NBC, and all the other big media outlets.

  • No matter how much government tries to regulate something, no matter how much money is poured into lobbying, the free market forces always win.

    Good riddance, I say.

    Friedman, Hayek, and Mises were right all along!! :-)
  • by rearden (304396) on Tuesday June 17, 2014 @07:27AM (#47252897) Homepage
    TW Telecom is not part of Time Warner and has not been since it was spun off in 1998. In fact in 1999 it was floated on the exchange (NASDAQ: TWTC) and so is its own entity. This headline and story in general is very misleading as Time Warner/ Time Warner Cable and TW Telecom are no longer related.

    https://en.wikipedia.org/wiki/TW_Telecom

    http://www.twtelecom.com/about-us/history/
  • This might be good for consumers, but recently Time Warner (and Comcast) won awards for consumer hatred."

    and thus...the sell-off-slash-rebranding.

    that's all this is, of course...when a brand as big as Time-Warner start being reviled by its customers, it's simply "time" to hit the ctrl-alt-delete and reboot things.

    • by mbeckman (645148)
      You've been misled by the completely bogus headline to this piece, not to mention the pathetically inflammatory prose. TWTelecom has nothing at all to do with TimeWarner Cable. It's a completely separate publicly traded corporation with no staff, management or facilities in common with the "hated" TimeWarner Cable. This is like saying "Hated British Monarchy sells American Colonies to Canada" in the 20th century.

      Hopefully some sleepy-headed slashdot editor will pick her head up off the table long enough
  • Do a little checking -- TW Telecom (TWTC) is a completely separate, publicly traded company from Time Warner Cable (TWC) which is a completely separate (though historically linked) company from Time Warner Inc. (TWX).

  • If you really want to get a sense of how machavellian the Cable industry can be, read the book The Billionaire Shell Game [,A href="http://www.amazon.com/Billionaire-Shell-Game-Assorted-Corporate/dp/0385479271">Amazon]. Written before the Internet Bubble of 2000, it speaks to the early days of TCI and Bell Atlantic, but loops in a lot of other major industry players at the time.
    I had the (dis)fortune to observe firsthand how some of these cable giants played the game in late 1999/early 2000, and wished
  • Wow people, do a little fact checking once in a while.

An age is called Dark not because the light fails to shine, but because people refuse to see it. -- James Michener, "Space"

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