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