USA Communications announced 12/20 it has sold cable systems in Nebraska and Colorado to Eagle Communications HQ’d in Hays, Kansas. The systems serve Central City, NE and surrounding towns in Nebraska and Burlington, CO.
Eagle currently operates cable systems and radio stations in Kansas, Nebraska, Missouri and Colorado.
Eagle also offers e-business solutions, web hosting, high-speed Internet, telephone service, rural wireless Internet and digital services in most service areas.
“We are thrilled to be passing the ownership of our systems on to Eagle Communications,” said Chris Hilliard, CEO of USA Communications. “They are a great homegrown Midwest operator just like us. We are confident that they will take good care of our communities and our employees.”
“The USA communities feel like home to us at Eagle and our Eagle Employee Owners look forward to becoming their neighbors and growing with their communities,” said Gary Shorman, President/CEO of Eagle Communications. “Our history of providing cutting-edge technology that is reliable and easy to use will build on the great services already available from USA Communications. We will bring the ‘Eagle Experience’ to these areas with affordable and user-friendly Cable TV, Internet, and telephone service combined with customer focused support.
NYC-based telecom, media and technology investment bank Waller Capital served as the exclusive financial adviser to USA Communications on the deal. Financial terms were not disclosed.