Cequel III Finalizes Acquisition of Houston-Area Cable Systems.Business Editors ST. LOUIS--(BUSINESS WIRE)--June 30, 2003 Cequel III, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , announced today that it has closed the purchase of several Houston-area cable systems. The agreement to acquire these systems from Shaw Communications Shaw Communications Inc. (TSX: SJR.NV.B NYSE: SJR) is a Canadian telecomunications company headquartered in Calgary, Alberta. The company was founded by J.R. Shaw in 1966 as Capital Cable Television Co Ltd.. , Inc., was announced in February, in a deal valued at approximately $85 million. Cequel III will take over management and operation of the systems on July 1. The acquired systems serve approximately 27,000 customers in the Houston-area communities of Kingwood, Lake Conroe Lake Conroe is a 21,000 acre (85 km²) lake in Conroe, Texas, United States. The lake lies on the West Fork of the San Jacinto River just west of Interstate 45 off of State Highway 105 in Montgomery and Walker counties. The lake runs through classic East Texas Piney Woods forests. , and Lake Livingston Lake Livingston is a man-made reservoir located in the East Texas Piney Woods. Lake Livingston was built, is owned and is operated by the Trinity River Authority of Texas (TRA) under contract with the City of Houston for water supply purposes. , Texas. "We are very excited to assume management of these state-of-the-art systems," said William Shreffler, Senior Vice President of Operations for Cequel III's cable properties. "Our team has a strong and consistent track record of superior customer service, and we will continue to do whatever it takes to provide great service and great programming at a great value." Combined with the Classic Cable systems managed by Cequel III, the company now serves more than 350,000 cable and high-speed data customers in Arkansas, Colorado, Kansas, Louisiana, Missouri Louisiana is a city in Pike County, Missouri, United States. The population was 3,863 at the 2000 census. Louisiana is located in northeast Missouri, on the Mississippi River south of Hannibal. An ammonia plant here was converted to study and produce synthetic fuels. , Nebraska, New Mexico, Ohio, Oklahoma, and Texas. About Cequel III, LLC Cequel III is a management company for growth-oriented firms in the cable and telecommunications industries. Today, the Cequel III team is involved with a number of distinctive properties, including: AAT Alpha-1-antitrypsin (AAT) A blood component that breaks down infection-fighting enzymes such as elastase. Mentioned in: Chronic Obstructive Lung Disease Communications Corporation, the largest privately held wireless tower-site provider in the industry; Classic Cable, the nation's twelfth-largest cable operator; and Broadwing Communications, the worlds' first and only intelligent, nationwide network that combines longhaul and ultra-longhaul transport with integrated, true all-optical switching. |
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