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Charter to Acquire Four Cablevision Markets for $1.6 Billion

Charter Logo - H 2012

The pay TV operator had paid $1.4 billion for the cable systems a couple of years ago.

Cable operator Charter Communications has agreed to pay Cablevision Systems $1.625 billion for cable systems in four Western markets.

It had acquired the systems in Colorado, Montana, Wyoming and Utah in 2010 for $1.4 billion.

STORY: Charter CEO Sees Opportunity for 'Significant' Upside at Cable Operator

Charter is led by CEO Tom Rutledge who used to be COO of Cablevision, which is controlled by the Dolan family.

The four Western cable systems, known as "Optimum West" under Cablevision's ownership, include more than 660,000 homes and serve 304,000 video subscribers.

Email: Georg.Szalai@thr.com
Twitter: @georgszalai