Charter Closes US Cable Deal

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Charter Communications said it has closed its previously announced acquisition of US Cable of Coastal Texas systems in Missouri.
Charter announced in June that it would buy the systems, which have about 16,000 customers in Hannibal, Mexico and Moberly, Mo. Terms of the deal were not disclosed.
"This transaction demonstrates Charter's disciplined approach to capital allocation and M&A," Charter president, operations Steven Apodaca said in a statement. "Our objective is to provide value to our customers and enhance their experience with Charter. This acquisition is aligned with our strategy of strengthening and growing core system clusters to enable significant operational synergies," he added.
New York based cable investment banker Waller Capital served as exclusive financial adviser to US Cable.

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