Charter to Acquire Some US Cable Systems

Charter Communications has signed a definitive agreement to acquire cable television systems from US Cable of Coastal Texas serving, in aggregate, approximately 16,000 customers in Missouri, including the communities of Hannibal, Mexico and Moberly.

Charter President, Operations, Steven Apodaca said, "Charter has a major presence in Missouri, serving customers in 25 counties, so these acquired systems have a strong geographic link with other communities Charter is serving in the state. With our headquarters located in St. Louis, Charter is pleased to have these cities become part of our largest regional systems, which furthers Charter’s geographic clustering strategy."

Charter serves more than 5 million homes and businesses in 25 states across the country. The systems being acquired currently offer customers digital video, HDTV, high-speed Internet and phone services.

The acquisition is expected to close in the third quarter of 2011.