FTC OKs Charter-HSA Deal

By
published

The Federal Trade Commission has approved Charter Communications Inc.'s
planned acquisition of certain assets of High Speed Access Corp., Charter
said.

In August, Charter proposed purchasing HSA assets related to its specific
cable systems for about $81.2 million in cash and assumed debt. HSA agreed to
the offer, pending shareholder approval, Oct. 1.

HSA represents about 165,000 Charter high-speed-data customers, or 40 percent
of the MSO's total cable-modem subscribers.

Charter hopes to close the transaction later this year.

Mike Farrell