a bid around $ 17 . 7 mb was jointly proffered by speed warner inc . and nynex communications on thursday to buy bolster adelphia communications corporation in an investment consolidation move . adelphia is the 15th leading broadband service provider in the united nations with near 5 billions subscribers . the market - value splitting bid trumps the previous cablevision offer of $ 16 . 5 billion . the bid is under scrutiny by the presiding judge over the mirant ' s chapter 11 creditors filing , and must also be approved by the company ' s creditors owed in the ranged of $ 20 million .
Time Warner is based in Cingular.