Charter, James Cable complete deal to swap systems
Charter Communications and James Cable announced this morning that they have completed their swap of broadband systems in Alabama and Georgia.
Under the terms of the deal, which was first announced in July, Charter traded its Douglas, Ga., system, serving a total of approximately 5,200 customers, to James Cable in an even exchange for James operations surrounding Eatonton, Ga., and Roanoke and Gu-Win, Ala., with approximately 8,300 customers.
"Our primary focus is providing value to our customers and enhancing their experience with Charter. This acquisition is aligned with our strategy of enhancing and growing core system clusters to enable operational synergies," said Charter's president of operations Steven Apodaca. "Charter has served customers in Alabama and Georgia for many years, and our newest customers join more than a half million Charter customers in the company's Alabama and Georgia markets."
As part of its cluster strategy, Charter picked up 16,000 subscribers in Missouri from US Cable earlier this year. The Missouri systems included the communities of Hannibal, Mexico and Moberly.
Last year, Charter sold off systems that served 65,000 subscribers to Cobridge Communications, which included some subscribers in Missouri, Georgia and Alabama.