Charter Communications Completes Acquisition of Avalon Cable.ST. LOUIS--(BUSINESS WIRE)--Nov. 15, 1999-- Charter Communications Charter Communications NASDAQ: CHTR is an American company providing cable television, high-speed Internet, and telephone services to more than 5.7 million customers in 29 states. It is the third-largest publicly traded cable operator in the U.S. (Nasdaq:CHTR CHTR Charter CHTR Canadian High Temperature Research ) announced today that it has completed the acquisition of Avalon Cable and its cable systems serving customers in Michigan and New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . The purchase of Avalon added approximately 260,000 customers to Charter's subscriber base. The purchase price was approximately $845 million. Charter Communications is a Wired World(TM) company offering a full range of traditional cable television services. The company has also begun to offer services including digital cable television, high-speed Internet See broadband. access and paging and is introducing interactive video programming. All of these services are important steps toward the realization of the Wired World vision where cable's ability to transmit voice, video and data at high speeds will enable it to serve as the primary platform for the delivery of new services to the home and workplace. Charter is the fourth largest operator of cable television systems in the United States, serving approximately 6.2 million customers, after giving effect to a pending acquisition. The chairman of Charter Communications is Paul G. Allen. Jerald L. Kent is the company's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . More information about Charter can be accessed on the Internet at www.chartercom.com. |
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