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Cable Operators

Multiband to Acquire Satellite Broadcast Subs

1/10/2005 5:14 AM Eastern

Multiband Inc. said Monday that it has entered into a letter of intent to acquire the subscribers of Minnesota-based cable operator Satellite Broadcast Corp. and its affiliates.

The transaction involves approximately 500 subscribers.

"The acquisition of these properties is highly synergistic for our growing portfolio," Multiband CEO James L. Mandel said in a prepared statement. "With so many corporate facilities in Minnesota, this provides us with an excellent opportunity to expand our relationships with these landlords and their residents."

 

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