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By: By MCN Staff Aug 22 2011 - 4:01am

Baja to Buy US Cable

MONTVALE, N.J. — US Cable has agreed to sell its remaining
systems in Texas, New Mexico and Colorado, with
about 60,000 revenue-generating units, to Baja Broadband,
a Fort Mill, S.C.-based operator with operations in several
Western states.

The deal is the third transaction for US Cable in the past
two months. In June, it agreed to sell 33,000 customers in
Minnesota and Wisconsin to Midcontinent Communications
and 16,000 subscribers in Missouri to Charter Communications.
The Baja deal is the final one for US Cable, which put
its roughly 100,000 customers on the block earlier in the
year.

“I am proud of our team and will we have accomplished,”
US Cable CEO James Pearson said in a statement.

New York-based cable investment banker Waller Capital
Partners served as exclusive financial advisor to US Cable
in the transaction. The purchase price was not disclosed.

According to its web site, Baja Broadband has about
67,000 customers in Utah, New Mexico and Colorado. Baja
is a portfolio company of private-equity firms M/C Partners
and Columbia Capital.