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Time Warner Cable (TWC) said Monday it is buying smaller high-speed data, voice and video provider Insight for $3 billion in cash in an effort to build up its Midwest operations.

Insight, which is currently owned jointly by The Carlyle Group, Crestview Partners, MidOcean Partners and others, has more than 750,000 customers in Indiana, Kentucky and Ohio.

The company was taken private by Carlyle and Insight management in December 2005, and Crestview and MidOcean purchased a significant stake in April 2010.

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Don