Waller Capital Advises Eastern Connecticut Cable Television on its sale to Harron Communications

New York, NY Harron Communications, L.P. (“Harron”), through its wholly-owned subsidiary, Metrocast Communications (“Metrocast”) announced that it has entered into a definitive Asset Purchase Agreement to acquire the cable television assets of Eastern Connecticut Cable Television, Inc. (“ECC”). ECC provides cable television services to over 38,000 subscribers in and around New London, CT. Metrocast currently provides cable television services to an average 107,000 subscribers in Pennsylvania, Maryland, Maine, New Hampshire, and Virginia. Joel C. Cohen, Chairman and Chief Executive Officer of Harron said: “The acquisition of Eastern Connecticut is a great fit for our organization and is strategic to the […]

Waller Capital Advises NewWave Communications on its aquisition of Charter Communication’s Non-Strategic Assets

St. Louis, MO ST. LOUIS–(BUSINESS WIRE)–Feb. 28, 2006–Charter Communications, Inc. (Nasdaq:CHTR) (the “Company” or “Charter”) today announced the signing of two separate definitive agreements to sell certain cable television systems serving a total of approximately 549,000 revenue generating units (“RGUs”) including 316,000 analog video, 142,000 digital video and 91,000 high-speed Internet customers, for an aggregate of approximately $896 million. Charter’s cable systems located in West Virginia and Virginia are being sold to Cebridge Acquisition Co., LLC, while the Company’s systems located in Illinois and Kentucky are being sold to New Wave Communications. “The sale of these systems is consistent with […]

Pete Brubaker Joins Waller Capital

New York, NY NEW YORK, NY – January 18, 2006 – Waller Capital Corporation announced today that Peter P. Brubaker has joined the firm as Senior Advisor in the New York office. “As we continue to broaden the advisory capabilities of our firm, we are proud and excited to have Pete join our team. He brings a great combination of financial and operating skills and senior relationships” said John W. Waller, III, Chairman of Waller Capital. As President/CEO of Susquehanna Media Co., Mr. Brubaker was responsible for Susquehanna Radio Co., the nation’s eleventh largest Radio group; Susquehanna Communications, the nation’s […]

Waller Capital Advises Lennar Communications on its sale to Bright House Networks

New York, NY Lennar Comunications Ventures, a subsidiary of Lennar Corporation (NYSE: LEN) has sold its telecommunications business in Florida to Bright House Networks. Lennar Corporation, founded in 1954, is one of the nation’s leading home builders, with annual revenue of more than $13 billion. The buyer, Bright House Networks, is the country’s 7th largest MSO, serving over 2 million subscribers, primarily in Florida. Waller Capital initiated this transaction and served as Lennar’s Financial Advisor.

Waller Capital Advises WideOpenWest on its sale of Avista Capital Partners

Englewood, CO Avista Capital Partners announced today that it has reached an agreement to acquire cable operator WideOpenWest from Oak Hill Capital Partners and ABRY Partners. WideOpenWest operates cable systems in Illinois, Indiana, Michigan and Ohio and provides cable, high-speed Internet and digital telephone service under the brand name “WOW!” to 114 municipalities reaching over 1.4 million households. Avista Capital, based in New York, is a private equity firm focusing on investment in the media, energy and healthcare sectors. Terms of the agreement were not disclosed. The sale is expected to close in the first half of 2006. The existing […]

Waller Capital Advises Bright House Networks on the sale of cable systems in Miami, FL to Comcast Corporation

Miami, FL Bright House Networks (“Bright House”) announced the close of the sale of its assets in Miami, Florida to Comcast Corporation. The sale of these assets, which provided cable service to over 6,600 subscribers, reflects Bright House’s strategy to focus on its core central Florida markets. Bright House provides cable television services to over 2.2 million subscribers in Central Florida, Alabama, California, Indiana and Michigan. and is jointly owned by Advance Publications Inc. and Newhouse Broadcasting Corporation. Waller Capital Corporation initiated this transaction and served as Financial Advisor to Bright House.

Waller Capital Advises Blue Ridge Cable on $25 million Private Placement

Palmerton, PA Waller Capital announced the closing of a $25,000,000 placement of Senior Unsecured Notes for Blue Ridge Cable Technologies, a subsidiary of Pencor Services. The proceeds will be used to complete the upgrade of 100% of Blue Ridge’s cable systems, all of which are located in Pennsylvania. Waller Capital advised Blue Ridge Cable in the capital raise, which was invested by Metropolitan Life Insurance Co. This private placement represents the 7th transaction Waller Capital has completed on behalf of Blue Ridge since 1996. The investment highlights Waller Capital’s continued ability to help its clients develop strategic options and raise […]

Waller Capital Advises RFB Cellular on $56 million Asset Sales

Santa Barbara, CA RFB Cellular Inc., which filed for Chapter 11 bankruptcy protection in 2003, today announced that it has completed the sale of its Michigan wireless assets to Dobson Communications for $29.5 million in cash. Additionally, RFB’s affiliate, Alpine PCS, closed the sale of its Fresno, CA PCS license to Leap Wireless for $27.1 million. Waller Capital Corp., a media and telecommunications-focused Investment Bank based in New York, represents RFB as financial advisor and has initiated all it’s divestitures. “Both the Michigan and Fresno sales processes generated substantial interest from the wireless and financial communities. RFB considers these transactions […]

Waller Capital Advises Alpine PCS on sale to Verizon Wireless and Leap

Santa Barbara, CA Today, two bankrupt affiliates of Alpine PCS announced that they have signed agreements to sell substantially all of their wireless assets to two national wireless carriers. Alpine-California F, LLC agreed to sell its PCS spectrum covering Bakersfield, CA to a wholly-owned subsidiary of Leap Wireless International, Inc. Alpine-Hyannis F, LLC agreed to sell its single 10 MHz license in Hyannis, MA to Verizon Wireless. Both of these sales are subject to higher and better offers and must be approved by the U.S. Bankruptcy Court following Section 363 auctions expected to take place in Los Angeles in early […]

Waller Capital Initiates Dobson Communications Purchase of RFB Cellular

Gaylord, MI RFB Cellular Inc., which filed for Chapter 11 bankruptcy protection in 2003, today announced that it has sold its Michigan wireless assets, consisting of a CDMA network serving 25,000 subscribers over two cellular licenses and seven PCS licenses. The buyer, Dobson Communications, has made the initial payment of what will be a $29.3 million cash purchase price. Final completion of the transaction and transfer of the licenses are subject to regulatory approval. Dobson won the auction over several other bidders, including Verizon Wireless and several Private Equity firms, in the court-approved auction process. Waller Capital Corp., a telecommunications-focused […]