Charter Communications Denies Merger and Acquisition Activity.Business Editors/Technology Writers ST. LOUIS--(BUSINESS WIRE)--Sept. 25, 2001 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. , Inc. (Nasdaq: CHTR CHTR Charter CHTR Canadian High Temperature Research ) today said that other than a previously announced transaction involving High Speed Access Corporation, speculation about imminent merger and acquisition activity, including RCN Corporation RCN Corporation, (NASDAQ: RCNI), founded in 1993 and based in Herndon, Virginia, is the first American facilities-based competitive provider of bundled telephone, cable television and high speed Internet service delivered over its own fiber-optic local network to consumers in (Nasdaq: RCNC RCNC Royal Corps of Naval Constructors (naval architects, mechanical, electrical engineers for UK Royal Navy) RCNC Royal Corps of Naval Constructors ), is erroneous and unfounded, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kent Kalkwarf, Charter Executive Vice President and Chief Financial Officer. "There has been no dialogue with RCN RCN n abbr (= Royal Canadian Navy) → kanadische Marine , nor is any planned. The source of this speculation is unknown to us," Mr. Kalkwarf said. With nearly 7 million customers in 40 states, Charter Communications, a Wired World Company(TM), is among the nation's largest broadband communications companies. Charter provides a full range of advanced broadband services to the home, including cable television on an advanced digital video programming platform, marketed under the Charter Digital Cable(TM) brand; and high-speed Internet See broadband. access marketed under the Charter Pipeline(TM) brand. Commercial high-speed data, video and Internet solutions are provided under the Charter Business Networks(TM) brand. Advertising sales and production services are sold under the Charter Media(TM) brand. A Fortune 500 company, Charter is the 2001 recipient of the Outstanding Corporate Growth Award from the Association for Corporate Growth, the 2001 R.E. "Ted" Turner Innovator of the Year Award from the Southern Cable Telecommunications Association, and the 2000 Innovator Award for Technology from Cablevision Magazine. More information about Charter can be found at www.charter.com. Statements in this press release regarding Charter Communications' business that are not historical facts may be "forward-looking statements." Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from any such forward-looking statements are identified in the reports and documents Charter files from time to time with the U.S. Securities and Exchange Commission. |
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