CHTR has really focused on the St Louis and surrounding cities. thanks for posting
Charter received cable systems from AT&T serving some 563,000 customers in the St. Louis area; areas of Auburn, Birmingham, Montgomery and Selma, Ala.; and the
Reno area of Nevada and California. AT&T Broadband received $1.77 billion composed of Charter cable systems serving 9,000 customers in Sebastian, Fla., valued at
$24 million, and $1.75 billion in cash. Charter systems in the Miami Beach, Fla., area, originally included in the transaction, will remain with Charter.
``With these transactions, Charter gains significant operational and technical efficiencies in the St. Louis metropolitan area, a top 20 ranked U.S. cable market, and in
Alabama as well,'' said Jerry Kent, president and chief executive officer of Charter. ``With the addition of the Reno, Nev., area, we'll continue to expand our footprint in the
Western United States and extend our Wired World(TM) vision to more consumers.''
``These transactions are important steps in our strategic plan to create large clusters of customers in major metropolitan markets,'' said Dan Somers, president and chief
executive officer of AT&T Broadband. ``And they help us to remove more debt from our balance sheet.'' |
