Kent’s Cebridge Picks Up 60K Subs3/08/2004 10:14 AM Eastern
Cebridge Connections, the St. Louis-based MSO controlled by Jerry Kent’s Cequel III telecommunications-investment firm, has agreed to purchase cable systems from Tele-Media Corp. and USA Media Group with a combined 60,000 subscribers.
Terms of the deal were not disclosed.
Denver-based cable investment banker Daniels & Associates represented USA Media and Tele-Media in the transactions.
Cebridge said it will acquire 19,000 customers in Kentucky, North Carolina, Tennessee, Virginia and West Virginia from Tele-Media.
In a separate deal, Cebridge will acquire 41,000 customers in California, Idaho, Nevada, Oregon and Washington from USA Media.
Both acquisitions are expected to close by midyear, giving Cebridge 495,000 total subscribers.