TITLE

WOW's Parent Buys Sigecom Subscribers

AUTHOR(S)
Farrell, Mike
PUB. DATE
August 2006
SOURCE
Multichannel News;8/21/2006, Vol. 27 Issue 33, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Avista Capital Partners, parent of cable-system overbuilder WideOpenWest, is buying overbuilder Sigecom LLC, in a deal estimated to be worth about $115 million. According to executives in the financial community, the systems being sold represent about 27,000 subscribers in Evansville and Newburgh, Indiana. About 8.2 times Sigecom's cash flow, or about $4,259 per subscriber are represented by the price.
ACCESSION #
22029248

 

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