Time Warner Cable Inc. (NYSE: TWC) issued the following statement in response to the White House’s announcement today regarding Title II.
Time Warner Cable Chairman and CEO Rob Marcus said, “Time Warner Cable remains committed to an open Internet, but we disagree with the President’s statement that an open Internet can only be achieved by reclassifying broadband as a public utility. Regulating broadband service under Title II, as the President proposes, will create unnecessary uncertainty, lead to years of litigation and threaten the continued growth and development of the Internet. The FCC has sufficient tools without reclassifying broadband to protect the openness of the Internet, while at the same time encouraging continued investment and innovation in the Internet ecosystem."
About Time Warner Cable
Time Warner Cable Inc. (NYSE: TWC) is among the largest providers of video, high-speed data and voice services in the United States, connecting 15 million customers to entertainment, information and each other. Time Warner Cable Business Class offers data, video and voice services to businesses of all sizes, cell tower backhaul services to wireless carriers and enterprise-class, cloud-enabled hosting, managed applications and services. Time Warner Cable Media, the advertising sales arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions. More information about the services of Time Warner Cable is available at twc.com, twcbc.com and twcmedia.com.
Bobby Amirshahi (212) 364-8292
Eric Mangan (212) 364-8297