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Time Warner Cable will restructure its Road Runner high-speed Internet service, the company announced Monday morning, in a move that will open up Time Warner’s lines to competing Internet service providers. Road Runner will no longer be offered exclusively on Time Warner Cable, fulfilling a key condition set by the Federal Trade Commission before it approved the merger of America Online and Time Warner last week. “By restructuring Road Runner, we are even better positioned to continue its nationwide rollout,” said Glenn A. Britt, president of Time Warner Cable, in a statement. “This restructuring represents a major advance in fulfilling our commitment to offer Time Warner Cable customers multiple choices in broadband ISPs.” Time Warner Cable will also take a larger stake in the cable service, as part of an agreement that AT&T hashed out with the Justice Department after AT&T’s acquisition of the MediaOne Group. Eighty percent of Road Runner is co-owned by a coalition of companies including AT&T Broadband, Time Warner and Microsoft. Compaq Computers and Advance/Newhouse own the remaining 20 percent. For a 15-month transitional period starting in April of next year, AT&T Broadband will offer the service on its cable lines. Time Warner expects to incur a one-time restructuring charge of $20 million to $40 million in the fourth quarter. Copyright � 2000 The Industry Standard

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