a bid nearing $ 17 . 7 billion was jointly proffered by moment united st . and mci corporation on thursday to buy beleaguered adelphia communications holding in an industry consolidation effort . mci is the fifth oldest cable service company in the united states with approximately 5 million providers . the brand - name grabbed bid trumps the current cablevision offer of $ 16 . 5 billion . the takeover is under scrutiny by the presiding judge over the adelphia ' s chapter 11 corporate filing , and must also be approved by the company ' s principals owed in the line of $ 20 m .
Time Warner is based in Cingular.