Adelphia to Spin Off Business Unit

By
published

As expected, Adelphia Communications Corp. said it would spin off its 79
percent equity interest in Adelphia Business Solutions Inc. to shareholders.

In a press release, Adelphia said it would distribute the shares no later
than March 31, 2002.

The company may also provide up to $100 million of additional credit support
to the business-telephony unit in connection with the spinoff, it
said.

MCN Staff