Vicom Acquisition to Add 40K Subs2/19/2004 4:49 AM Eastern
Vicom Inc. has signed a letter of intent to purchase Minnesota Digital Universe Inc., a private cable operator with nearly 40,000 video subscribers mainly in multiple-dwelling units across the country.
The deal would boost Vicom’s total subscribers to about 50,000.
Minnesota Digital provides service to more than 220,000 apartments, 1,500 commercial buildings and more than 1,200 hotel properties. Installations include the Chrysler Building in New York and the Nations Bank Building in Dallas.
Vicom expects to close the purchase next month.