MICHIGAN (April 29, 2014) — Nearly all Comcast customers across the state of Michigan may be transferred to a new cable and internet provider.
According to the Detroit Free Press, customers would be transferred to a publicly traded company Comcast is planning to create as part of a customer swap deal with Charter Communications.
A small number of customers in Southwest Michigan would not be impacted, but otherwise, about 2.5 million customers across the country will be transferred.
The possible swap deal was announced on Apr. 28 and is meant to help Comcast get regulatory approval of its takeover of Time Warner Cable, which is still pending.
If the deal goes through, Charter would own 1/3 of the new company and it would manage subscriber accounts. In addition, this new company would operate in states where Charter already has several customers.
The new company would pick up Comcast accounts in metro-Detroit, Grand Rapids, Kalamazoo, Battle Creek, Flint, Saginaw, Bay City, and Lansing.
The swap deal would take effect after the merger with Time Warner happens and it would make Charter the second largest cable company in the United States.