CommunicationsCompany
Where is Cable Michigan headquartered?
Cable Michigan is headquartered in Michigan.
What sector is Cable Michigan in?
Cable Michigan is a communications company.
Cable Michigan is headquartered in Michigan.
Cable Michigan is a communications company.
Cable Michigan was one of the 4-publicly-traded companies spun out through the C-TEC investment. C-TEC owned a majority interest in Cable Michigan when McCourt acquired controlling interest. McCourt, a strategic investor, realized that by driving the cable operations and streamlining costs, he could maximize the value of the asset. Shortly after the tax-free spin-off, McCourt took advantage of the company’s solid performance, the recent jump in the valuation of cable properties as well as other current changes in the cable environment and sold the company for approximately 11 times cash flow, or $435 million.
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