Suddenlink to purchase NPG Cable

NOVEMBER 29, 2010 -- Cequel Communications, LLC, which does business as Suddenlink Communications, says it has signed a definitive agreement to acquire NPG Cable Inc., and its subsidiaries from News Press & Gazette Co., for approximately $350 million, subject to customary working-capital closing adjustments.

Suddenlink, which bills itself as the seventh-largest cable operator in the United States, expects to close the acquisition in the first quarter of 2011 and says it currently has sufficient existing liquidity sources to fund the transaction.

NPG's cable systems serve approximately 83,000 customers, representing approximately 210,000 revenue generating units (RGUs), with operations in St. Joseph, MO; Mammoth Lakes, CA; and several clustered Arizona communities, including Flagstaff and Sedona, Lake Havasu, and Kingman.

"We're excited about the opportunity to acquire NPG and welcome its employees and customers to the Suddenlink family," said Jerry Kent, Suddenlink's chairman and CEO. "This acquisition is a solid fit with our existing operations and we have a proven track record of serving similar communities. We have great respect for NPG and its owners, the Bradley family, and look forward to working with them on the transition."

Suddenlink has operations in Maryville, MO, and Bishop, CA, which are proximate to NPG's cable systems in St. Joseph and Mammoth Lakes, respectively. Suddenlink officials said there is an opportunity to interconnect those properties after the acquisition closes.

Visit Suddenlink Communications