Flush Mediacom May Look to Buy More.(Mediacom Communications Corp.)(Brief Article)(Statistical Data Included)
Multichannel News, March, 2000 by FARRELL, MIKE
Flush from last year's $380 million initial public offering and a $640 million line of credit, Mediacom Communications Corp. chairman Rocco Commission last week vowed to seize acquisition opportunities this year.
"There are still acquisitions to be made," the notoriously frugal Commisso told analysts on a conference call to discuss the fourth quarter. "We're looking every day".
Commisso added that the company has signed three letters of intent to purchase small systems with a total of 28,000 subscribers for $48 million, or about $1,700 per subscriber. Those buyouts should be completed by the end of the second quarter.
In December, Mediacom closed on its two largest acquisitions -- Triax Midwest Associates L.P. and Zylstra...
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