Time Warner Needs a Wireless Acquisition

No, not me, that’s Time Warner CEO Dick Parsons saying it..he said in an FT interview that he has set his sights on establishing a strong presence in mobile phone services, either by purchasing wireless spectrum or via an acquisition.

TW Cable would focus on finding ways to add wireless telephony to its triple-play of video, once Adelphia acquisition has been completed.

TW offers wireless services through a partnership with Sprint, alongside other cable groups. But Parsons said Time Warner might want a bigger stake in the fast-growing wireless business.

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