Suddenlink Agrees to Buy Northland Cable SystemsDeal Involves 12K Subscribers in Texas 10/03/2013 10:47 AM Eastern
Suddenlink Communications said it has agreed to purchase certain properties of Northland Communications located in Texas with about 12,000 subscribers. Terms of the deal were not disclosed.
In a statement, Suddenlink said the systems involved in this transaction serve more than 12,000 residential and nearly 300 commercial customers, representing more than 18,700 primary service units or PSUs on a combined basis. The Northland systems operate in and around Gun Barrel City, Flint, and New Caney, Texas. After the acquisition closes, Suddenlink officials said there is an opportunity to interconnect the Northland systems with nearby Suddenlink systems in Terrell, Tyler, and Kingwood, Texas, respectively.
RBC Capital Markets served as the exclusive M&A advisor to Northland in this transaction.
Suddenlink has about 1.4 million customers in Arkansas, Louisiana, North Carolina, Oklahoma, Texas, West Virginia and elsewhere. Headquartered in Seattle, Northland Cable Television ("Northland") began operations in 1981 and offers video, Internet, and telephony services. Northland currently operates smaller-market cable systems in Alabama, California, Georgia, Idaho, North Carolina, South Carolina, Texas and Washington.