Mexico's Megacable in talks with Time Warner Cable

Mexico's Megacable has held talks with Time Warner Cable regarding a possible phone venture aimed at the Hispanic market in the United States, the company's chief executive Enrique Yamuni said.

Yamuni added that the strategic alliance would allow Time Warner Cable subscribers to receive phone calls from Megacable users without the long-distance charges.

Megacable started like a cable company but in recent years it expanded outside its core market, adding phone and Internet services to the mix. Time Warner Cable also offers so-called triple play packages to customers in the United States.

Source: Reuters