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Bresnan Communications

Defunct American cable television provider

Field	Value
name	Bresnan Communications
genre
fate	Acquired by Cablevision, later sold to Charter Communications
successor	Charter Communications
foundation
founder	William Bresnan
defunct
location_city	Purchase, New York
location_country	USA
area_served	United States, Chile, Poland
industry	Cable television
aum
divisions	Bresnan International Partners
homepage

Bresnan Communications was an American cable television provider. Founded in 1984 and at one point active in the United States, Chile, and Poland, it was acquired by Cablevision in 2010, renamed Optimum West, and then sold to Charter Communications in 2013.

History

Bresnan Communication was formed by William Bresnan in 1984. It originally operated cable systems on Michigan's Upper Peninsula. Over the next fourteen years, its operations spread to Minnesota, Wisconsin, Mississippi and Georgia. In 1994, the company added international operations in Chile and Poland, with the creation of Bresnan International Partners. The company reached 400,000 subscribers after purchasing systems from TCI. When AT&T acquired TCI, Bresnan began to consider an IPO. Before that could occur, Paul Allen's Charter Communications made an offer, and purchased Bresnan's U.S. cable systems for $3.1 billion, organizing them under Charter Communications' umbrella.

Bresnan re-entered the cable business in April 2002, with the $735 million purchase of former AT&T Broadband Rocky Mountain systems from Comcast. The acquisition included some 300,000 subscribers in Montana, Wyoming, Utah and Colorado.

Its founder, William Bresnan, died in 2009, after which the company was put up for auction by Providence Equity Partners, its majority shareholder. Minority stakeholders included Comcast and Quadrangle Group. In 2010, Bresnan Communications stated it had 320,000 customers in the United States. Cablevision acquired Bresnan on June 13, 2010 for $1.37 billion and rebranded the systems as Optimum West. In February 2013, Charter Communications agreed to buy the former Bresnan systems for $1.625 billion.

References

(1999-06-30). "Charter Communications Successful In Bid To Acquire Bresnan Communications". Charter Communications.
Hall, Jessica. (2010-06-13). "UPDATE 1-Cablevision to buy Bresnan for $1.3 billion-source". Reuters.
(2013-02-08). "Charter to Buy Cablevision Assets for $1.6 Billion". Dow Jones Newswires.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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