Advertisement
Singapore markets close in 6 hours 44 minutes

  • Straits Times Index

    3,172.07
    -15.59 (-0.49%)
     

  • Nikkei

    36,972.88
    -1,106.82 (-2.91%)
     

  • Hang Seng

    16,180.91
    -204.96 (-1.25%)
     

  • FTSE 100

    7,877.05
    +29.06 (+0.37%)
     

  • Bitcoin USD

    60,789.87
    -970.13 (-1.57%)
     

  • CMC Crypto 200

    1,261.57
    +376.04 (+40.20%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • Dow

    37,775.38
    +22.07 (+0.06%)
     

  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     

  • Gold

    2,423.90
    +25.90 (+1.08%)
     

  • Crude Oil

    85.04
    +2.31 (+2.79%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • FTSE Bursa Malaysia

    1,549.82
    +5.06 (+0.33%)
     

  • Jakarta Composite Index

    7,082.79
    -84.02 (-1.17%)
     

  • PSE Index

    6,518.73
    -4.46 (-0.07%)
     

Comcast spin-off to list on Nasdaq in 2015

Reuters

(Reuters) - Midwest Cable Inc, the cable company to be spun off from Comcast Corp (CMCSA.O) after it buys Time Warner Cable Inc (TWC.N), said it would list its Class A common stock on the Nasdaq under the symbol "GLCI" in 2015.

Upon completion of the merger, the company will change its name to GreatLand Connections Inc. (http://1.usa.gov/1tI9CiA)

Comcast said in April it would divest 2.5 million subscribers across the U.S. Midwest and southeast into a new publicly traded company that would be two-thirds owned by Comcast shareholders and one-third by Charter.

This was part of a three-way deal between Comcast, Charter Communications Inc (CHTR.O) and Time Warner Cable, aimed at winning regulatory approvals for Comcast's proposed $45 billion purchase of Time Warner Cable Inc.

(Reporting By Lehar Maan in Bangalore; Editing by Saumyadeb Chakrabarty)