Cebridge Closes USA Media System Buy8/19/2004 8:53 AM Eastern
Cebridge Connections, the St. Louis-based MSO headed by Jerry Kent, said it has closed its previously announced acquisition of about 40,000 customers from USA Media Group.
The customers are located in California, Idaho, Nevada, Oregon and Washington. Cebridge, which now has 480,000 total subscribers, said in a statement that it plans to upgrade a number of the newly acquired systems to provide high-speed-data service.
In systems where the cable plant has already been upgraded, Cebridge plans to launch other advanced services, such as HDTV, video-on-demand and cable telephony.
Denver-based cable investment banker Daniels & Associates represented USA Media in the transaction. Terms were not disclosed.