Local Comcast customers may soon have a new cable provider after a deal was reached Monday.
The cable company has agreed to drop customers in Indiana and several other states in an effort to meet demands from federal regulators.
The complex deal is part of an FCC approval process following Comcast acquiring Time Warner Cable. Federal regulators look to hinder Comcast from becoming too large and having a grip on the cable market.
Comcast reached the deal to drop 3.9 million customers, including many in Southeast Indiana.
The plan is to have local customers, and those throughout the state, to subscribe to a new startup company called SpinCo.
The new company will be overseen by Charter Communications which is currently the fourth largest cable provider in the U.S. Following new subscribers from Comcast and Time Warner, Charter would likely become the second-largest cable company in the nation.
The deal is subject to change over FCC approval of Comcast’s merger with TWC.