News

New England Cablevision Sold For $89mm

New York, NY Waller Capital announced today the close of the sale of New England Cablevision to MetroCast Cablevision for $89MM. The cable television system serves approximately 25,500 customers on the Maine/New Hampshire border and is contiguous to other systems currently operated by Metrocast. New England Cablevision 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

Great Southern Hires Advisors For Sale Of Subsidiaries

New York, NY New York, NY – The Great Southern Printing and Manufacturing Company, which publishes The Frederick News-Post, daily newspapers, and operates cable telecommunications and internet facilities through its subsidiary, GS Communications, Inc., is exploring strategic alternatives for the future capital structure, organization and ownership of the Company. In a memorandum to Company staff members, George B. Delaplaine, Jr., president and CEO, announced that the Company is involved in confidential discussions with advisors on strategic alternatives, but would continue to focus on its commitment to its staff members and the community. In so doing, the Company has engaged the […]

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 […]

Waller Capital Hosts Telecom 2000 Conference

New York, NY New York, NY – Waller Capital kicked off the millennium by hosting the Waller Capital Telecom 2000 Conference in New York City. The conference was an overwhelming success with nearly 200 executives from the Internet, cable, CLEC, wireless and media/telecom banking industries on hand for a day and a half of lively panel discussions and key-note speeches from James Cramer of TheStreet.com and Chris McCleary of USinternetworking. Among the panelists from the telecommunications industry, there were several leaders from the ISP industry including: Peter Hopper of Duro Communications, Mike Lunsford of Earthlink, Marcus Ruscitto of Stargate Industries […]

Centennial Communications Announces $170mm Agreement To Buy Puerto Rican Company

New York, NY Waller Capital announced today the signing of a letter of intent for the sale of the Puerto Rican cable television system owned by Pegasus Communications, Inc. to Centennial Communications Corporation for $170,000,000. The Pegasus system being sold passes approximately 170,000 homes and serves approximately 55,500 customers on the western portion of Puerto Rico primarily in and around the cities of Mayaguez, San German and Aguadilla. Pegasus is the largest independent provider of DirectTV services in the United States with 724,000 subscribers as of November 30, 1999. In addition, the company owns ten television stations affiliated with either […]

Waller Capital Announces Record Year – $13.2 Billion in Transactions

New York, NY Waller Capital continued to lead the market in telecom and cable acquisitions in 1999, completing over 35 transactions valued at $13.2 Billion. Approximately 20 of these transactions were cable-related deals, with the balance in the telecom sector. Waller Capital is the leading M&A boutique focused exclusively on media & telecom companies. Founded in 1982, Waller is headquartered in New York City. For more information contact: John W. Waller, III Chairman Waller Capital Corporation (212) 632-3600

Primeline Internet Services Sold To Internet Of Western North Carolina

New York, NY INTERNET OF WESTERN NORTH CAROLINA, INC. has announced its acquisition of Primeline Internet Services. The combined company will serve approximately 8,000 web hosting and Internet access customers in North Carolina and Georgia. Waller Capital Corporation represented Internet of Western North Carolina in the transaction. For more information contact: Garrett M. Baker Associate Waller Capital Corporation (212) 632-3600

DURO Communications Purchases Internet of Roanoke And Internet of Albemarle

New York, NY New York, NY – DURO COMMUNICATIONS has announced that it has purchased the assets of Internet of Roanoke and Internet of Albemarle. The Companies serve approximately 2,300 residential, dial-up customers in eastern North Carolina. Waller Capital Corporation’s Dustin Angelo represented Internet of Roanoke and Internet of Albemarle in the transactions. For More Information Contact: Dustin K. Angelo Assistant Vice President Waller Capital Corporation (212) 632-3600

USA Media Group Purchases Cambridge Communications, L.P.

New York, NY New York, NY – USA Media Group has announced that it has purchased the cable television systems of Cambridge Communications, L.P. The systems serve approximately 13,000 subscribers in Belen and Los Lunas, New Mexico and Southeastern Washington State. Cambridge Communications was represented by Waller Capital Corporation in the transaction. For more information contact: Garrett M. Baker Associate Waller Capital Corporation (212) 632-3600

DURO Communications Purchases Internet Of Greenville

New York, NY New York, NY – DURO COMMUNICATIONS has announced that it has purchased the assets of Internet of Greenville. Internet of Greenville serves approximately 4,200 residential, dial-up customers in and around the Greenville area of eastern North Carolina. Waller Capital Corporation represented Internet of Greenville in the transaction. For More Information Contact: Dustin K. Angelo Assistant Vice President Waller Capital Corporation (212) 632-3600