Prospectus Summary
The following summary is qualified in its entirety by, and should be read in conjunction with, the more detailed information and the Company's financial statements, including the notes thereto, appearing elsewhere in this Prospectus. As used herein, the term 'Company' refers to Time Warner Telecom Inc., its consolidated and unconsolidated subsidiaries and all operations of the Company that were historically conducted by subsidiaries of the Existing Stockholders (as defined herein). The term 'Existing Stockholders' refers to Time Warner Inc. and certain of its subsidiaries (collectively, 'TW') and U S WEST, Inc. ('U S WEST'), which, through certain subsidiaries, are partners in Time Warner Entertainment Company, L.P. ('TWE'), and Advance/Newhouse Partnership ('Newhouse'), which is TWE's partner in Time Warner Entertainment-Advance/Newhouse Partnership ('TWE-A/N'). The term 'TW Cable' refers collectively to the cable systems owned by TWE, TWE-A/N and TW. Upon the completion of U S WEST's proposed separation of its communications and media businesses, U S WEST's cable and media business, including all its interests in the Company, will be owned by U S WEST, which will be renamed MediaOne Group, Inc. The Company was recently formed in connection with a reorganization (the 'Reorganization') of the assets and liabilities of its business, which were previously owned by TWE, TWE-A/N and TW (together, the 'Parent Companies'). In connection with the Reorganization, the Existing Stockholders received all the outstanding shares of the Class B Common Stock. See 'The Reorganization' and 'Principal Stockholders.' Unless otherwise indicated, the information set forth in this Prospectus gives effect to the transactions described herein under 'The Reorganization' and does not give effect to the exercise of the U.S. Underwriters' over-allotment option. See 'Glossary' for definitions of certain other terms used in this Prospectus.