News

Waller Capital helps Centennial Communications Raise $155 Million In Sale of Puerto Rican Cable Properties

Wall, NJ Waller Capital today announced the close of the sale of Centennial Communications Corp.’s (NASDAQ: CYCL) wholly owned subsidiary, Centennial Puerto Rico Cable TV Corp. (“Centennial Cable TV”) to an affiliate of Hicks, Muse, Tate & Furst Inc. for approximately $155 million in cash. Centennial Cable TV operated a digital cable television system that served approximately 74,000 subscribers and passed over 300,000 contiguous homes in southern and western Puerto Rico. Waller Capital initiated this transaction and served as Centennial’s Financial Advisor. For more information contact: Andrew C. Kessler, Principal Waller Capital Corporation (212) 632-3600

Waller Capital Advises Frontier Communications on the Sale of its Indiana Assets to Rapid Communications

Stamford, CT Waller Capital announced the sale of Frontier Communications’ cable assets in Indiana, to Rapid Communications. Frontier is a telecommunications company providing wireline communications services to rural areas and small and medium-sized towns as an incumbent local exchange carrier (ILEC). Rapid Communications is a cable operator which delivers cable television and other advanced services to small and mid-size markets in Indiana, Virginia, Wisconsin, California and Nevada. Rapid’s owners include private equity funds Alta Communications, Columbia Capital and Housatonic Partners. Waller Capital initiated this transaction and served as Frontier’s Financial Advisor. For more information contact: Garrett M. Baker, Principal Waller […]

Waller Capital Avises Citizens Communications (NYSE: CZN) on the sale of its California Assets

Stamford, CT Waller Capital announced the close of the sale of certain non-strategic assets in southern California owned by a subsidiary of b (NYSE: CZN) (“Citizens”), to Rapid Communications. Citizens is a telecommunications company providing wireline communications services to rural areas as an incumbent local exchange carrier (ILEC). Rapid Communications delivers data, video and other advanced services to small and mid-size markets in Indiana, Virginia, Wisconsin, California and Nevada. Rapid’s owners include private equity funds Alta Communications, Columbia Capital and Housatonic Partners. Waller Capital initiated this transaction and served as Citizens’ Financial Advisor. For more information contact: Garrett M. Baker, […]

Waller Capital completes Rapid Communications Acquisition of Frontier Cable Of Wisconsin

New York, NY Rapid Communications announced that it has acquired the assets of Frontier Cable of Wisconsin. Frontier provided cable services in the Wisconsin suburbs of St. Paul, MN. The buyer, Rapid Communications, delivers cable television and other advanced services to small and mid-size markets in Indiana, Virginia, Wisconsin, California and Nevada. Rapid’s owners include private equity funds Alta Communications, Columbia Capital and Housatonic Partners. Waller Capital initiated this transaction and served as Frontier’s Financial Advisor. For more information contact: Garrett M. Baker, Principal Waller Capital Corporation (212) 632-3600

Waller Capital Completes Charter Communications Purchase of Gatehouse Networks Assets

New York, NY Waller Capital today announced the close of the sale of cable television assets owned and operated by Gatehouse Networks, a division of Lamont Digital Systems, to Charter Communications, Inc. (Nasdaq:CHTR). The assets were located in the northern suburbs of Dallas, TX. Terms of the transaction were not disclosed. Waller Capital advised Gatehouse Networks in this transaction. For more information contact: Garrett M. Baker, Principal Waller Capital Corporation (212) 632-3600

Waller Capital Announces the Close of Heathrow Cable’s Sale to Bright House Networks, LLC

New York, NY Heathrow Cable announced today the close of the sale of the Company to Bright House Networks, LLC. Heathrow owned and operated cable systems in Seminole County, Florida. Waller Capital advised Heathrow Cable in this transaction. For more information contact: Garrett M. Baker, Principal Waller Capital Corporation (212) 632-3600

Waller Capital Sells Eagle West Communications to Corridor Communications

Mesa, AZ On August 25, 2004 Waller Capital announced the close of the sale of all remaining assets owned by Eagle West Communications, LLC. (“Eagle West”) to Corridor Communications Corp. (OTC BB: CORR.OB). Eagle West served cable subscribers throughout Arizona, Nevada and New Mexico. Earlier this year Eagle West closed the sale of its cable system serving Southern Nevada, just outside of Las Vegas to Etan Industries, Inc. D/B/A Cable Management Associates. Waller Capital advised Eagle West in both these transactions. For more information contact: Garrett M. Baker, Principal Waller Capital Corporation (212) 632-3600

Waller Capital Announces Auction To Sell RFB Cellular’s Michigan Wireless Assets

New York, NY RFB Cellular Inc., which filed for Chapter 11 bankruptcy protection in 2003, today announced that it has initiated a Section 363 auction process to sell its Michigan wireless assets. It has signed an agreement with a bidder, Dobson Communications, for $26 million in cash. This sale is subject to higher and better offers and must be approved by the U.S. Bankruptcy Court following the auction to take place later this year. Completion of the transaction is also subject to regulatory approval, and is expected to close in early 2005. Last month, RFB’s affiliate, Alpine PCS, announced the […]

CMA Purchases Eagle West Assets

New York, NY Eagle West Communications, LLC (“Eagle West”), a rural cable television operator in the Southwest that filed for Chapter 11 bankruptcy protection in 2003, announced in June 2004 the close of the sale of its cable television assets serving over 1,000 subscribers in and around Pahrump, NV to Etan Industries, Inc. (D/B/A Cable Management Associates). Cable Management Associates currently serves over 61,000 subscribers throughout Louisiana, Mississippi, Nevada, and Texas. Waller Capital served as Eagle West’s Financial Advisor during its Chapter 11 Bankruptcy proceedings and initiated this transaction. For more information contact: Garrett M. Baker, Principal Waller Capital Corporation […]

Coast Communications Purchases Assets Of Eagle West Out Of Bankruptcy

New York, NY On August 25, 2004 Waller Capital announced the close of the sale of substantially all of the remaining assets owned by Eagle West Communications, LLC. (“Eagle West”) to Coast Communications. The Company provided cable service to subscribers throughout Arizona, Nevada and New Mexico. Waller Capital advised Eagle West in this transaction. For more information contact: Garrett M. Baker, Principal Waller Capital Corporation (212) 632-3600