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Technology Stocks : COM21 (CMTO)
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To: pat mudge who wrote (443)5/26/1999 10:37:00 AM
From: zbyslaw owczarczyk  Read Replies (1) of 2347
 

Charter to buy Falcon cable TV for $3.6 billion

LOS ANGELES, May 26 (Reuters) - Charter Communications, one of Microsoft Corp.
(Nasdaq:MSFT - news) co-founder Paul Allen's ''Wired World'' companies, said
Wednesday it agreed to acquire Falcon Communications LP for $3.6 billion in cash and
stock, bumping Charter into the No. 4 slot among U.S. cable operators.

''This acquisition will allow Charter to reach its stated goal of serving more than 5 million customers, an achievement of
critical mass,'' said Jerald Kent, president and chief executive officer of St. Louis-based Charter, in a statement.
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