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Telecom Spending Spree: Time Warner Cable Snatches Up Enterprise Cloud Hosting and Management Company NaviSite

By Klint Finley / February 2, 2011 02:15 AM / Comments

Hot on the heels of Verizon's acquisition of Terremark, Time Warner Cable is acquiring NaviSite, an enterprise cloud hosting and management company. Time Warner Cable will pay $5.50 a share, or approximately $230 million.

Meanwhile, speculation is rampant that Savvis will be acquired, though its CEO James Ousley says things are business as usual for the company.

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