ROCCO MOVES ON UP.(Rocco Commisso)(Statistical Data Included)
Multichannel News, March, 2001 by FARRELL, MIKE
Mediacom Doubles Size with $2.2B Deal Mediacom Communications Corp. chairman Rocco Commisso has spent the past six years in relative obscurity, quietly building a small-market MSO by acquiring secondary-market systems at what some would call bargain prices. That may change now, or at least the part about obscurity.
Mediacom last week engineered the biggest deal in its history: the $2.2 billion acquisition of systems in Iowa, Illinois, Georgia and Missouri from AT&T Broadband. Mediacom acquires about 840,000 subscribers through the transaction, more than doubling its customer base to 1.6 million subscribers. It rises to the No. 8 spot on the domestic MSO list. Mediacom bought the systems for a cost of about $2,600 per subscriber, or 12...
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