CorporateAugust 1, 2011
Charter Completes Acquisition of Cable Systems from Windjammer in Alabama and Georgia
ST. LOUIS, Aug. 1, 2011 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) today announced it has completed the acquisition of broadband systems serving, in aggregate, approximately 17,000 customers in Alabama and Georgia from Windjammer Communications LLC.
"This transaction demonstrates Charter's disciplined approach to capital allocation and M&A," said Charter President, Operations Steven Apodaca. "Our primary focus is providing value to our customers and enhancing their experience with Charter. This acquisition is aligned with our strategy of enhancing and growing core system clusters to enable significant operational synergies," he added. Charter has served customers in those two states for many years, and customers in the newly acquired systems join more than 500,000 Charter customers in the company's Alabama and Georgia markets.
Charter will ensure a seamless transition for customers from the former Windjammer cable operations in Fort Benning, GA; Fort Payne, AL; and Cullman, AL. Charter plans to more broadly deploy video-on-demand and HD programming, provide faster Internet speeds and roll out enhanced services already introduced in nearby Charter markets for area businesses.
The purchase price was not disclosed.
Charter (NASDAQ: CHTR) is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter TV® video entertainment programming, Charter Internet® access, and Charter Phone®. Charter Business® similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Charter Media® brand. More information about Charter can be found at charter.com.
SOURCE Charter Communications, Inc.