M&A Deal Summary

Adelphia Communications Acquires Verto Communications

On December 21, 1998, Adelphia Communications acquired communications company Verto Communications

Acquisition Highlights
  • This is Adelphia Communications’ 1st transaction in the Communications sector.
  • This is Adelphia Communications’ 1st transaction in the United States.
  • This is Adelphia Communications’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 1998-12-21
Target Verto Communications
Sector Communications
Buyer(s) Adelphia Communications
Deal Type Add-on Acquisition

Target

Verto Communications

Scranton, Pennsylvania, United States
Verto Communications, Inc. provides cable television to approximately 56,000 subscribers in the greater Scranton, Pennsylvania area.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Adelphia Communications

Coudersport, Pennsylvania, United States

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 1 of 5
Sector: Communications M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 4
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 5
Year: 1998 M&A 1 of 1
FOLLOWING 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