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AT&T

(T)

was up 3% in midmorning after announcing that its broadband unit will trade cable TV systems in four states for two cable systems in Florida owned by

Charter Communications

(CHTR)

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.

The companies said the deal is worth $1.79 billion and will boost Charter's total customer base by 512,000. Charter was down 0.6%.

On Tuesday, AT&T Broadband sold several cable systems to

Mediacom Communications

(MCCC)

.