Charter closes out purchase of systems from US Cable
Charter Communications has wrapped up its deal to buy systems in Missouri from US Cable of Coastal Texas.
The acquisition, which was first announced in June, brings approximately 16,000 subscribers into the Charter fold. The former US Cable systems that Charter bought for an undisclosed price were located in Hannibal, Mexico, Moberly and surrounding areas.
Charter said it expects a smooth transition for customers and plans on adding more products and services in the former US Cable systems.
The systems currently offer customers digital video, HDTV, high-speed Internet and phone services.
"This transaction demonstrates Charter's disciplined approach to capital allocation and M&A," said Charter's president of operations Steven Apodaca. "Our objective is to provide value to our customers and enhance their experience with Charter. This acquisition is aligned with our strategy of strengthening and growing core system clusters to enable significant operational synergies."
Charter is headquartered in St. Louis and serves the entire metropolitan area and customers in 25 counties in the state.
Last year, Charter sold off systems that served 65,000 subscribers to Cobridge Communications, which included some subscribers in Missouri.