Bresnan Broadband Holdings LLC closed its deal to purchase cable systems with
about 314,000 subscribers in Wyoming, Montana and Colorado from Comcast Corp.,
Bresnan Broadband said Thursday.
The deal was first announced Feb. 4.
Comcast received about $525 million in cash and preferred and common equity
interests in Bresnan.
In addition to Comcast, Bresnan's equity owners include Providence Equity
Partners Inc. as the lead investor, as well as Quadrangle Group LLC, TD Capital
Communications Partners and Bresnan management.
Bresnan Communications will manage the company, which will operate locally
under that name.
Additional terms were not disclosed.
Denver-based cable investment banker Daniels & Associates represented Comcast in the deal.