TCI and Continental Cablevision to trade assets of selected cable systems.BOSTON, Mass.--(BUSINESS WIRE)--Jan. 10, 1996-- Tele-Communications Inc. (TCI (Trustworthy Computing Initiative) An umbrella term from Microsoft for its efforts to improve security in Windows. TCI was announced in 2002 after viruses such as Code Red and Nimda had succeeded in attacking numerous Windows computers. ) and Continental Cablevision Inc. jointly announced today that they have signed a definitive exchange agreement to trade the assets of selected cable television systems representing more than 200,000 subscribers in three states. 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. the terms of the agreement, Continental Cablevision will acquire the assets of the TCI cable systems serving approximately 100,000 customers in eastern Massachusetts, including the major service areas of Andover, Cape Cod Cape Cod, narrow peninsula of glacial origin, 399 sq mi (1,033 sq km), SE Mass., extending 65 mi (105 km) E and N into the Atlantic Ocean. It is generally flat, with sand dunes, low hills, and numerous lakes. , Nantucket and Waltham. TCI will acquire the assets of the Continental systems serving approximately 100,000 customers in metropolitan St. Louis including the major service areas of Belleville, Ill.; Jennings, Mo.; Lake St. Louis, Mo.; Overland, Mo.; 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. (Ill.); and western St. Louis County St. Louis County is the name of multiple counties in the United States:
The acquisitions will become final pending transfer of franchise agreements and other regulatory approvals. Financial terms of the agreement were not disclosed. "Acquisition of these Massachusetts properties will greatly strengthen the system cluster in our Northeast region, which -- at more than a million subscribers -- already constitutes our largest concentration of customers," said William T. Schleyer, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Continental. "Adding these systems further improves our ability to offer new telecommunications products, such as high-speed access to the Internet, data services and telephony." "This trade is a continuation of TCI's focus on growing our presence in key markets nationwide in order to provide the widest variety of additional services to our customers in a competitive environment," said Brendan Clouston, president and chief executive officer of TCI Communications Inc. Tele-Communications Inc., is traded on the Nasdaq National Market with Class A and Class B common stock and Class B preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , trading separately under the symbols of TCOMA, TCOMB and TCOMP TCOMP Time of Completion , respectively. In addition, TCI is a majority stockholder in Tele-Communications International Inc. which is traded on the Nasdaq National Market under the symbol TINTA. Continental Cablevision Inc., the nation's third largest broadband telecommunications provider serves more than 4.2 million subscribers in 20 states and is part owner (Law) one of several owners or tenants in common. See See also: Part of companies providing cable television service in Argentina, Australia and Singapore. -0- Communities covered by Continental Systems acquired by TCI o Belleville, Ill. Service Area Belleville, Ill. Fairview Heights, Ill. O'Fallon, Ill. St. Clair County St. Clair County is the name of four counties in the United States:
Swansea, Ill. o Jennings, Mo. Service Area Moline Acres, Mo. Bellefontaine Neighbors Bellefontaine Neighbors, city (1990 pop. 10,922), St. Louis co., E Mo., a residential suburb of St. Louis; founded c.1819, inc. 1950. , Mo. Riverview, Mo. Country Club Hills, Mo. Flordell Hills, Mo. Jennings, Mo. Northwoods, Mo. Pine Lawn, Mo. o Lake St. Louis, Mo. Service Area Dardenne Prairie, Mo. Flint Hill Flint Hill can refer to:
O'Fallon, Mo. St. Charles County, Mo. Weldon Spring, Mo. Weldon Spring Heights, Mo. Wentzville, Mo. Lake St. Louis, Mo. St. Paul, Mo. o Overland, Mo. Service Area Brentwood, Mo. Overland, Mo. St. Ann, Mo. University City, Mo. Edmundson, Mo. Clayton, Mo. Breckenridge Hills, Mo. Maplewood, Mo. o Scott Air Force Base (Ill.) Service Area Mascoutah, Ill. Clinton County, Ill. Scott Air Force Base Albers, Ill. Aviston, Ill. Damiansvillle, Ill. Freeburg, Ill. Lebanon, Ill. New Baden, Ill. Shiloh, Ill. St. Clair County, Ill. Summerfield, Ill. Trenton, Ill. o West St. Louis County (Mo.) Service Area Western St. Louis County, Mo. Chesterfield, Mo. Creve Coeur, Mo. Hazelwood, Mo. Maryland Heights, Mo. o Andover, Mass. Service Area Andover, Mass. Dracut, Mass. North Reading, Mass. Middleton, Mass. o Waltham, Mass. Service Area Waltham, Mass. o Barnstable, Mass. Service Area Barnstable, Mass. Chatham, Mass. Dennis, Mass. Harwich, Mass. Yarmouth, Mass. o Nantucket, Mass. Service Area Nantucket, Mass. CONTACT: Continental Cablevision Rob Stoddard, 617/854-3138 or TCI LaRae Marsik, 303/267-5277 |
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