Waller Capital Advises Providence Equity and Northland on the sale of NCN Subsidiary to Harron Communications

Frazer, PA

Providence Equity and Northland to Sell Cable Systems to Harron Communications

Harron Communications, L.P., d/b/a “MetroCast Communications”, today announced that it has reached definitive agreements to acquire cable systems serving approximately 19,000 subscribers, in Mississippi and South Carolina. The systems to be acquired are owned by Northland Cable Networks, LLC, which is majority owned by Providence Equity Partners. The transaction is expected to close in the fourth quarter of 2007, subject to customary closing conditions, including franchise approvals.

Harron CEO and Chairman Joel Cohen said “This transaction signifies a new operating region for Harron, and we are excited to begin providing service in the southeast. This acquisition is consistent with our strategy to be opportunistic and acquire assets in growing, vibrant communities, and we will continue to evaluate opportunities to expand our portfolio of systems and enhance our operating efficiency.”

Waller Capital Partners, LLC served as financial advisor to Northland.

About Harron Communications Harron Communications is a multi-service broadband communications and entertainment company currently serving approximately 145,000 residential and commercial subscribers. Harron Communications currently offers advanced digital video and high-speed Internet services in 6 states, and has recently started to roll out telephony services in those states. Harron Communications is headquartered in Frazer, PA, and is owned by the Harron Family and the private equity firm Boston Ventures.

About NCN NCN was formed in 2001 to own and operate cable television networks by affiliates of Providence Equity Partners Inc. and Northland Telecommunications Corporation. Northland Telecommunications Corporation is a cable television operator that serves a ~140,000 subscribers in nine southern and western states. http://www.northlandcabletv.com

About Providence Equity Partners Inc. Providence Equity Partners is the leading global private equity firm specializing in equity investments in media, entertainment, communications and information companies around the world. The principals of Providence manage funds with approximately $21 billion in equity commitments and have invested in more than 100 companies operating in over 20 countries since the firm’s inception in 1989. Providence is headquartered in Providence, RI (USA) and has offices in New York, London, Hong Kong and New Delhi.


Harron Communications, LP Linda Stuchell 610-644-7500

Providence Equity Partners Inc. Andrew Cole 415-618-8750

Waller Capital Partners, LLC Garrett M. Baker 212-632-3600