Suddenlink buys NPG Cable for $350 million

NPG Cable Inc. has agreed to sell all its cable properties to Suddenlink Communications for $350 million. Suddenlink expects to close the acquisition in the first quarter of 2011.

NNPG CablePG's cable systems serve approximately 83,000 customers, representing about 210,000 revenue generating units, with operations in St. Joseph, Mo., Mammoth Lakes, Calif., and several clustered Arizona communities, including Flagstaff and Sedona, Lake Havasu and Kingman.

"This acquisition is a solid fit with our existing operations and we have a proven track record of serving similar communities. We have great respect for NPG and its owners, the Bradley family, and look forward to working with them on the transition," said Suddenlink CEO Jerry Kent in a prepared statement.

Suddenlink officials said there is an opportunity to interconnect those properties after the acquisition closes.

"The foundation of our success at NPG Cable for the last 45 years has been our family culture, where employees approach their daily work and make decisions as if they own the company," said Brian Bradley, NPG's chief administrative officer, in a prepared statement. "We are thrilled that Suddenlink, which has a great reputation, shares a similar culture."

For more:
- see the release
- and this story

Related articles:
Economics are different for smaller cable operators
Rogers enhances business play with Atria acquisition
Pace looks for U.S. hookup with 2Wire acquisition

Suggested Articles

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.

CBS is warning viewers that AT&T’s pay TV services including DirecTV, DirecTV Now and U-verse could lose CBS broadcast networks soon if a new agreement isn…

Ultimately, operators will need to begin now to adopt a new data-centric approach, knowing that changes may take years to accomplish.