Time Warner Cable Inc (TWC) Crippled by Nationwide Outage, Fined by FCC

Time Warner Cable Inc (NYSE:TWC) customers were unable to access Insider Monkey (shameful) or other websites early this morning, as a majority of them were hit with an internet outage that lasted in some cases for several hours. As CNBC reported today, the outage seems to have been caused during a routine maintenance operation.

Time Warner Cable Inc (NYSE:TWC)

“Time Warner says most services now back online, and that the outage was due to a issue with what it calls its ‘internet backbone’, that occurred during routine maintenance. The outage hit both the east and west coast, with L.A, New York, North Carolina, among the hardest hit; guys, those also happen to be Time Warner’s most concentrated areas. The Washington Post says some 80% of its customers were affected,” they reported.

Time Warner Cable Inc (NYSE:TWC)  has about 11.4 million high-speed internet subscribers spread across 29 states, 80% of whom were said to be affected by the outage, which first struck at 4:30 a.m. EST. By 6:00 a.m. EST, service had been restored to most affected customers, though some lost service for several hours.

Time Warner Cable Inc (NYSE:TWC) is currently in the process of being bought by Comcast Corporation (NASDAQ:CMCSA) for $45 billion, a deal that is being opposed by Netflix, Inc. (NASDAQ:NFLX) and other companies. Coincidentally enough, as CNBC noted, Comcast in their proposed merger plans claims they will be able to improve Time Warner Cable Inc (NYSE:TWC)’s stability and internet service by investing in that very same backbone which seems to have failed them and their customers today.

That deal is currently under review by the Federal Communications Commission, who also happened to fine Time Warner Cable Inc (NYSE:TWC) $1.1 million today for not reporting today’s outages to them in a timely manner.

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!