Charter gobbles up 16,000 Missouri subscribers from US Cable

Charter Communications (Nasdaq: CHTR), which reportedly has looked at and passed on acquiring Insight Communications, has completed a smaller deal with US Cable of Coastal Texas to add 16,000 Missouri cable subscribers. The subs, served by US Cable Systems in Hannibal, Moberly and Mexico, Mo., "have a strong geographic link with other communities Charter is serving in the state."

US Cable, for those who don't recognize the name, is "a partnership between Comcast (Nasdaq: CMCSA) and private investors led by Stephen E. Myers. In addition to the subscribers it sold to Charter, the MSO has customers in Colorado, Texas and New Mexico.

The deal is full of the synergies that corporations like to tout. St. Louis-based Charter already serves 25 counties in the state as part of the 5 million homes it serves in 25 states nationwide.

For more:
- see this news release

Related articles:
Charter follows Cox in raising Virginia cable rates 9 percent
Insight Communications acquisition attracts 3 bidders

Suggested Articles

Increased internet speeds will outpace premises WiFi capabilities, category cables can deliver the high speed and low latency demanded by consumers.

After announcing a deal to integrate the Amazon Prime Video app earlier this year, Virgin Media said that service is now available to millions of its TV…

NCTA-The Internet and Television Association is pointing to a new report that shows the cable industry had a $450 billion impact on the U.S. economy in 2018.