M&A Deal Summary

Adelphia Communications Acquires Century Communications

On March 5, 1999, Adelphia Communications acquired communications company Century Communications for 5.2B USD

Acquisition Highlights
  • This is Adelphia Communications’ 3rd transaction in the Communications sector.
  • This is Adelphia Communications’ largest (disclosed) transaction.
  • This is Adelphia Communications’ 3rd transaction in the United States.
  • This is Adelphia Communications’ 1st transaction in Connecticut.

M&A Deal Summary
Date 1999-03-05
Target Century Communications
Sector Communications
Buyer(s) Adelphia Communications
Deal Type Merger
Deal Value 5.2B USD

Target

Century Communications

New Canaan, Connecticut, United States
Century Communications Corp. owns and operates cable television systems with significant concentrations of subscribers in California, Colorado and Puerto Rico.

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Buyer(S) 1

Buyer

Adelphia Communications

Coudersport, Pennsylvania, United States

website

Category Company
Founded 1952
Sector Communications
DESCRIPTION

Adelphia Communications was the country’s sixth largest cable television operator and, through various subsidiaries, provided cable television and local telephone service to customers in twenty-nine states and Puerto Rico.

DEAL STATS #
Overall 3 of 5
Sector (Communications) 3 of 5
Type (Merger) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 3 of 5
Year (1999) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-23 FrontierVision Partners

Denver, Colorado, United States

FrontierVision Partners, L.P. is a provider of cable television systems in small and medium-sized suburban and exurban communities. The company controlled over 500,000 subscribers, principally in the states of Ohio, Kentucky, and Maine.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Loudoun Communications

Virginia, United States

Cablevision of Loudon was a cable television operator that owned cable franchises located throughout Virginia.

Buy -
Mergr

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