For $350 million, cable company Suddenlink Communications has bought NPG Cable, Inc. from News-Press and Gazette Co.
Cequel Communications, LLC, which does business as Suddenlink Communications, announced Monday it had reached an agreement to take over NPG, which services customers throughout Arizona.
NPG’s cable systems serve approximately 83,000 customers in St. Joseph, Mo., Mammoth Lakes, Calif., Flagstaff, Sedona, Lake Havasu, Kingman and Payson.
The sale is set to close at the beginning of 2011.
“This acquisition is a solid fit with our existing operations and we have a proven track record of serving similar communities. We have great respect for NPG and its owners, the Bradley family, and look forward to working with them on the transition,” said Jerry Kent, Suddenlink’s chair and CEO.
The acquisition is not expected to affect rates or programming.
“The foundation of our success at NPG Cable for the last 45 years has been our family culture, where employees approach their daily work and make decisions as if they own the company,” said Brian Bradley, NPG’s chief administrative officer.
“We are thrilled that Suddenlink, which has a great reputation, shares a similar culture.”