Charter Communications Pays $3.1 Billion For Bresnan Communications

New York, NY

Waller Capital announced today the closing of the sale of Bresnan Communications Company, LP to Charter Communications for $3.1 Billion. The former Bresnan systems pass over 1,000,000 homes and serve nearly 700,000 subscribers in Michigan, Minnesota, Nebraska and Wisconsin. Waller Capital advised Bresnan on the sale.

The sale capped off a record breaking 1999 for Waller Capital. During the year, Waller initiated or closed a total of $13.2 billion of M&A transactions for which it was the sell-side representative. The transactions included over 20 cable television deals and approximately 10 Internet assignments.

For more information contact:
John T. Woodruff
Partner
Waller Capital Corporation
(212) 632-3600