Adelphia Announces The $50mm Purchase Of Cable TV Of The Kennebunk’s

New York, NY

Waller Capital announced today the close of the sale of Cable TV of the Kennebunks to Adelphia Communications Corporation for $50MM. The cable television system serves approximately 10,000 customers in and around Kennebunk and Kennebunkport, Maine and is contiguous to other systems currently operated by Adelphia. Cable TV of the Kennebunks was represented by Waller Capital Corporation, in this cash for assets transaction.

For more information contact:
Garrett M. Baker
Vice President
Waller Capital Corporation
(212) 632-3600