Charter to sell Ark. system to CoBridge Communications
Charter Communications is selling off its cable system near Benton, Ark., to CoBridge Communications.
Charter, the nation's fourth-largest cable operator, has roughly 10,000 to 11,000 subscribers in the suburbs around Benton, mainly in Shannon Hills.
Financial terms of the sale weren't available.
CoBridge Communications has cable systems in Arkansas, Alabama, Texas, Missouri, Georgia, Louisiana and Ohio, but it plans on concentrating its cable operations over time for improved efficiencies, according to the company's website.
CoBridge CEO and founder Scott Widham was formerly co-CEO of Broadwing Communications, which was acquired by Level 3 in 2007. Prior to joining Broadwing, Widham was the founder and CEO of Capital Cable, an MSO that owned cable systems across the U.S. and in Latin America before it was acquired by Charter.