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Technology Stocks : Charter Communications (CHTR) -- Ignore unavailable to you. Want to Upgrade?

To: Sarkie who wrote (154)	10/29/1999 1:50:00 AM
From: smith steigleder	Respond to of 2437

Also, someone said that Charter needed to raise an additional 9 billion after the IPO.......the estimated amount at this time is only 0.7 billion...(did I say ONLY 0.7 billion?). Stig

To: Sarkie who wrote (154)	10/29/1999 2:05:00 AM
From: smith steigleder	Read Replies (1) \| Respond to of 2437

Actually, it is more like 1.8 billion. Charter had entered into agreements to acquire the assets of other cable operators for 9.9 billion. The proceeds of the IPO and Mr Allen's equity contributions will not pay for all their acquisitions. They will raise 0.7 billion by issuing convertible debt, convertible preferred or other equit securities of charter and approx. 1.1 billion under credit facilities at avalon and bresnan.