Time Warner Cable to Sell Small Cable Systems to Windjammer
Posted on: Friday, 11 July 2008, 09:00 CDT
Time Warner Cable has entered into an agreement to sell a group of small cable systems to Windjammer Communications, a venture between Mast Capital Management and Communications Construction Services.
According to the company, the systems serve approximately 80,000 basic video subscribers and 120,000 revenue generating units spread across more than 125 head-ends in 25 states and located in areas outside of the company's core geographic clusters.
The sale of these systems is not expected to have a material impact on the company's ongoing financial results, but Time Warner Cable's second quarter results will reflect a pretax, non-cash loss on the sale of these systems of approximately $45 million, which will be included as a component of operating income.
The sale to Windjammer Communications is expected to close during the fourth quarter of 2008, subject to obtaining customary regulatory approvals.
Source: Datamonitor
Related Articles
- Zhejiang Tianjie Industrial Co., Ltd. Warns of Defective Communications Cable
- Universal Systems Phase on Cable Survey Completed
- Symmetricom Strengthens Its Commitment to the Cable Industry; Names Industry Veteran David Nicholas VP of Sales for Cable
- Time Warner Cable Completes Sale of Cable Systems in Four Municipalities in Greater Charlotte Area
- Aduromed Announces Another MedClean System Sale to ARAMARK
- H.I.G. Capital Announces Sale of Cable Express to Dycom Industries
- Geneva Area City Schools Saves $200,000 Using VBrick Systems to Stream Cable Television to the Classroom
- Berk-Tek, Ortronics, DuPont Communications Cabling Solutions, OFS and the International Copper Association Offer Free Seminar Series on Data Center Cabling Infrastructure Design
- Pirelli to Offer Fiber Optic Communications Cable Solutions with New Corning(R) NexCor(TM) Fiber with MaxPower(TM) Technology
- SCM Microsystems and Samsung Team Up to Bring 'Triple Play' Digital TV, Voice and Data Systems to Korean Cable Market
User Comments (0)
RSS Feeds