Charter Communications to Acquire St. Louis-Area Cable Systems From AT&T Broadband.Business Editors ST. LOUIS--(BUSINESS WIRE)--Feb. 28, 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. (Nasdaq:CHTR CHTR Charter CHTR Canadian High Temperature Research ) today announced a definitive agreement with AT&T Broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). to buy certain cable systems, including the AT&T Broadband-owned systems in the St. Louis metropolitan area. The transaction will give Charter an additional 271,000 customers in St. Louis, bringing its total customer base in this area to 511,000. When completed, this transaction will result in Charter ownership of AT&T Broadband systems in 62 Missouri Missouri, state, United States Missouri (mĭz  r`ē, –ə), one of the midwestern states of the United States. cities, including the City
of St. Louis, Arnold, Clayton, Ferguson, Maryland Maryland (mâr`ələnd), one of the Middle Atlantic states of the United States. It is bounded by Delaware and the Atlantic Ocean (E), the District of Columbia (S), Virginia and West Virginia (S, W), and Pennsylvania (N). Heights, St. Ann ANN, Scotch law. Half a year's stipend over and above what is owing for the incumbency due to a minister's relict, or child, or next of kin, after his decease. Wishaw. Also, an abbreviation of annus, year; also of annates. In the old law French writers, ann or rather an, signifies a year. , St.
Charles, St. Peters and University City. In Illinois Illinois, river, United StatesIllinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. , current AT&T Broadband systems in 36 communities would also go to Charter, including Alton, Belleville, East St. Louis, Fairview Heights, O'Fallon and Scott Air Force Base Scott Air Force Base (IATA: BLV, ICAO: KBLV, FAA LID: BLV) is a base of the United States Air Force in St. Clair County, Illinois near Belleville which are in the St. Louis metropolitan area. . "This transaction will help deliver the promise of broadband technology broadband technology Telecommunications devices, lines, or technologies that allow communication over a wide band of frequencies, and especially over a range of frequencies divided into multiple independent channels for the simultaneous transmission of different signals. and its many benefits to all of the St. Louis metropolitan region," said Jerry Kent, 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. of Charter. "Since our founding here in 1993, Charter has grown to become a national leader in the cable industry. Our goal is to make St. Louis the most technologically advanced area in the country." In the last two years, Charter has invested more than $120 million to upgrade its broad-band network in the St. Louis metro area This article is about the music production team. For the article about population centers, see metropolitan area. Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani. to a state-of-the-art, two-way system, Mr. Kent said. "Charter systems in this region are already allowing our customers to experience the power of our state-of-the-art broadband network through services such as Charter Digital Cable(TM) and Charter Pipeline(TM) high-speed Internet See broadband. service," Mr. Kent said. "When this transaction is completed, Charter will install the network technology in these newly acquired areas necessary to provide the same services we're now providing to our existing customers as well as future services that Charter will offer." In addition to the St. Louis-area systems, Charter also announced today that it will acquire AT&T cable systems in Nevada and Alabama. Along with the St. Louis-area systems, the transaction would give Charter an additional 578,500 customers nationwide, bringing its total customer base to 6.9 million. For its systems, AT&T Broadband will receive $1.79 billion comprised of Charter cable systems valued at $249 million serving 62,000 customers in Miami Beach Miami Beach, city (1990 pop. 92,639), Dade co., SE Fla., on an island between Biscayne Bay and the Atlantic Ocean; inc. 1915. It is connected to Miami by four causeways. and Sebastian, Fla.; up to $500 million in Charter common stock; and the balance in cash. The transactions are expected to close in the second or third quarter of 2001, subject to certain closing conditions and regulatory review. Charter Communications, a Wired World(TM) company, is the fourth-largest St. Louis-based company, with market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $13 billion. With nearly 6.4 million customers, Charter is among the nation's largest broadband communications companies Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. . Charter offers a full range of advanced broadband services See broadband and broadband service provider. to the home, including cable television under the Charter Cable TV brand; advanced digital video programming services under the Charter Digital Cable(TM) brand; and high-speed Internet access via Charter Pipeline(TM). Charter is the 2001 recipient of the Outstanding Corporate Growth Award from the Association for Corporate Growth 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 statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." 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. AT&T Broadband Systems to be Sold to Charter Communications St. Louis Area Arnold MO Bellefontaine Neighbors MO Bellerive MO Bel-Nor MO Bel-Ridge MO Berkeley MO Beverly Hills MO Breckenridge Hills MO Brentwood MO Calverton Park MO Chesterfield MO Clayton MO Cool Valley MO Cottleville MO Country Club Hills MO Creve Coeur MO Crystal City MO Dardenne Prairie MO Dellwood MO DeSoto MO Edmundson MO Ferguson MO Festus MO Flint Hill MO Flordell Hills MO Glen Echo Park MO Greendale MO Hazelwood MO Herculaneum MO Hillsboro MO Hillsdale MO Jefferson County MO Jennings MO Lake St. Louis MO Maplewood MO Margona Village MO Maryland Heights MO Moline Acres MO Normandy MO Northwoods MO Norwood Court MO O'Fallon MO Overland MO Pagedale MO Pasadena Hills MO Pasadena Park MO Pevely MO Pine Lawn MO Riverview MO St. Ann MO St. Charles MO St. Louis MO St. Paul MO St. Peters MO University City MO Uplands Parks MO Velda Village MO Velda Village Hills MO Vinita Terrace MO Weldon Springs MO Weldon Spring Heights MO Wentzville MO Albers IL Alorton IL Alton IL Aviston IL Beckmeyer IL Belleville IL Bethalto IL Breese IL Cahokia IL Carlyle IL Caseyville IL Centreville IL Clinton IL Damiansville IL East Alton IL East St. Louis IL Fairview Heights IL Freeburg IL Germantown IL Godfrey IL Hartford IL Lebanon IL Madison IL Mascoutah IL New Baden IL O'Fallon IL Roxana IL Scott Air Force Base IL Shiloh IL South Roxana IL St. Clair IL Stookey IL Summerfield IL Swansea IL Trenton IL Wood River IL |
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