Cebridge puts final ink on cable acquisition
Cebridge Connections closed on its acquisition of cable systems in California, Idaho, Nevada, Oregon, and Washington from USA Media Group LLC. Terms were not released.
Cebridge, a subsidiary of cable veteran Jerry Kent's Cequel III management company, plans to start upgrades to the systems, which serve about 40,000 customers. It's the latest in a string of smaller cable systems acquired by Cebridge, which now serves approximately 480,000 total customers in 23 states.
Among the improvements planned are upgrades to provide high-speed Internet access. For the former USA Media systems that are already upgraded, Cebridge will start the rollout of advanced services including HD television, video-on-demand and cable telephony.