Press release from PR Newswire
Charter Announces Acquisition of Cable Systems From Windjammer in Alabama and Georgia
Monday, March 21, 2011
Charter Announces Acquisition of Cable Systems From Windjammer in Alabama and Georgia12:26 EDT Monday, March 21, 2011ST. LOUIS, March 21, 2011 /PRNewswire/ -- Charter Communications, Inc. (Nasdaq: CHTR) today announced that it has signed a definitive agreement to acquire three cable television systems serving, in aggregate, approximately 17,000 customers in Alabama and Georgia from Windjammer Communications, LLC.The systems, located in Fort Benning, GA and Fort Payne and Cullman, AL, currently offer digital video, high-speed Internet and phone services to customers in these areas. Charter expects to close the acquisition in the third quarter of 2011.Charter President, Operations Steven Apodaca said, "These properties have a strong geographic link with the communities Charter has served in Alabama and Georgia for many years, and this transaction is very much aligned with our strategy of enhancing core system clusters."Systems that will become part of Charter include Fort Benning, GA near Charter communities surrounding Columbus, GA; Fort Payne, AL near Charter communities surrounding Albertville, AL and, Cullman, AL near Charter's operations in Decatur and Birmingham, AL.Charter anticipates broader deployment of Digital, Video on Demand and HD programming, providing faster Internet speeds and the rollout of new services already introduced in nearby Charter markets for Charter Business clients.The purchase price was not disclosed.About CharterCharter is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter TV? video entertainment programming, Charter Internet? access, and Charter Phone?. Charter Business® similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Charter Media® brand. More information about Charter can be found at charter.com.SOURCE Charter Communications, Inc.For further information: Media, Anita Lamont, +1-314-543-2215, or Analysts, Mary Jo Moehle, +1-314-543-2397, both for Charter Communications, Inc.