Time Warner and Comcast are set to merge in a deal valued at $45.2 billion all-stock deal.

Customers will be able to access services from both companies as part of one service, merging on-demand streaming services, Wi-Fi access capabilities and high-performance broadband.

Comcast has said that the deal will allow for operating efficiencies and savings from economies of scale in the region of $1.5 billion.

The combined companies will create an organisation with 30 million subscribers after the deal is finalised following regulatory and shareholder approval.

Comcast extends Convergys contract

Time Warner Cable extends relationship management contract with Convergys