Cablevision to Purchase Bresnan CommunicationsBroadband's Impact, States June 16th, 2010
BroadbandBreakfast.com Staff, BroadbandBreakfast.com
WASHINGTON, June 16, 2010 – Cablevision announced Monday that has purchased Bresnan Communications for $1.365 billion.
Bresnan is the nation’s thirteenth largest multisystem operator servicing Colorado, Montana, Wyoming and Utah that pass more than 630,000 homes.
Because of the size of the acquisition, there are some regulatory hurdles, and the companies expect to finish by late 2010 or early 2011.
Tom Rutledge, Cablevision’s chief operating officer, said, “Bresnan is a well-managed company that has invested wisely in its operations and has pursued a strategy which is aligned and quite similar to Cablevision’s.” Rutledge will oversee the newly acquired Bresnan’s operations.