NEW YORK (TheStreet) -- Time Warner Cable (TWC) climbed Tuesday on a report it expanded into three major cities, increasing its potential to add more customers. AT&T (T) is potentially facing legal wrangling with CBS (CBS) as the companies' contract nears its June 30 expiration.
Time Warner Cable rose 1.5% to close at $179.07.
The cable company expanded its Wi-Fi network into Dallas, San Antonio and Raleigh, in a move to enhance its network and attract new customers, according to a report in Zacks.
According to Zacks, this three-city expansion brings its Wi-Fi network to more than 100,000 Time Warner Cable hotspots. "We believe this latest expansion will further augment the company's customer base and aid it in duly meeting the ever-increasing demand for Wi-Fi connectivity," Zacks stated in its report.
AT&T fell 0.20% to finish the day at $34.52.
The telecom behemoth and CBS currently have an agreement, in which CBS receives AT&T's U-Verse programming and AT&T is able to show CBS's Showtime and its cable channels. This agreement, however, is set to expire June 30 and tension is mounting as a potential contract dispute looms, according to a report in the Wall Street Journal.
In the backdrop of the AT&T-CBS contract is the telecom carrier's pending $49 billion buyout of DirecTV (DTV). Some industry watchers have speculated that AT&T would like to move its U-Verse TV customers over to DirecTV once its merger is competed, the Journal reported.
The AT&T-DirecTV merger is expected to close later this month.