Time Warner Cable agrees to acquire Alinda Capital-backed DukeNet Communications

Time Warner Cable said Monday that it has agreed to buy DukeNet Communications for $600 million in cash. The sellers are Duke Energy Corp. and Alinda Capital Partners.The transaction is expected to close in the first quarter of 2014. RBC Capital Markets advised Duke Energy and Alinda in the deal. Based in Charlotte, NC, DukeNet is a regional fiber optic network company serving customers in North Carolina and South Carolina, as well as five other states in the Southeast.

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