Atlantic Broadband closed its $735mln acquisition of Charter [CHTR] systems with 228K subs Mon, and assumed management of the systems and their 450 employees immediately (Cfax, 9/4/03). Charter plans to use proceeds to repay bank debt and increase liquidity. The sale represents another return of cable’s old guard, with Continental Cablevision vets Dave Keefe and Ed Holleran leading the venture. The deal, which includes subs in Miami Beach, W PA, the MD/DE peninsula and W VA, places Atlantic among the country’s top 25 cable operators. Most of the systems have been upgraded to at least 750MHz. Keefe’s top priority will be to upgrade the MD/DE properties, which don’t offer high- speed data. Daniels & Assoc represented Charter in the transaction.

The Daily

Subscribe

Charter Offers Senior Unsecured Notes

Charter ’s subsidiaries CCO Holdings, LLC and CCO Holdings Capital Corp. intend to offer senior unsecured notes, the company announced Monday. No pricing

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact [email protected] for more information.