New York

New York-Adelphia Communications Corp. closed its purchase of Cable TV of the Kennebunks, a small independent cable operator in Maine, for an undisclosed sum.

Cable TV of the Kennebunks has about 10,000 subscribers in Kennebunk, Kennebunkport, Cape Porpoise, Arundel, Alfred, Lyman and Dayton.

The systems are near others owned by Adelphia. They are said to be in excellent shape-750-megahertz, two-way capacity, including high-speed data-and they likely attracted a high price. Given the average selling price of cable systems of between $4,500 and $5,000 per subscriber, Cable TV of the Kennebunks could have sold for between $45 million and $50 million.

Waller Capital Corp. senior vice president Townsend Devereux represented Cable TV of the Kennebunks in the cash-for-assets transaction.