NewWave Closes System Deals

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NewWave Communications took care of business, closing deals on a number of fronts.

The provider of video, voice and high-speed data to small and midsized communities in the southeast and Midwest closed its acquisition of systems owned by Suddenlink Communications that serve some 10,000 subscribers in Missouri, Arkansas, Tennessee and Kentucky.

NewWave CEO Jim Gleason commented, “This acquisition allows NewWave to grow in contiguous markets and is consistent with our company’s growth strategy. The acquired systems can be interconnected into existing NewWave systems, allowing us to offer customers in these markets enhanced communications products including more cable channels, high-definition TV, improved high-speed Internet and telephone service.”

In addition, NewWave completed a trade of its system in Jerseyville, Ill., to Green County Partners for its system in Greenville, Ill.

Elsewhere, NewWave, which counts some 90,000 subscribers overall, announced the sale of its Piedmont, Mo., system, which serves 900 customers, to Partel Broadband. Terms were not disclosed.

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