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EXHIBIT 99.1
Oct. 21, 1998
KNOLOGY AND CABLE ALABAMA SIGN ASSET PURCHASE AGREEMENT
West Point, Ga.-- KNOLOGY of Huntsville Inc. and Cable Alabama Corporation
located in the Huntsville, Ala., area have signed an asset purchase agreement,
it was announced today by KNOLOGY Holdings Inc. CEO and President Xxxxxxx X.
Xxxxxx.
The sale should close by the end of October, Xxxxxx said.
KNOLOGY announced on Sept. 2 that it had entered into a letter of intent to
purchase Cable Alabama. Cable Alabama serves customers in Huntsville, Madison,
portions of Madison and Limestone counties and on Redstone Arsenal.
KNOLOGY plans to upgrade Cable Alabama's existing network to a KNOLOGY-like
network, said Xxxxxx. After the upgrade is complete, the Cable Alabama
property, like all KNOLOGY properties, will offer a "bundle" of two-way
communications services, including analog and digital television, high-speed
Internet access and local and long-distance telephone services. KNOLOGY's
bundled services offer cost savings for both business and residential customers
and give customers the ease of doing business with one communications provider.
"We at KNOLOGY are very respectful of the reputation Cable Alabama has worked
hard to earn," said Xxxxxx. "We are also excited about the skills and abilities
of Cable Alabama's employees and about their customer-focused approach to
providing service."
"We will upgrade the existing network after careful study of the area and after
taking the time to understand what customers and residents of the area want and
expect."
Xxxx Xxxxx, vice president of Cable Alabama, said, "We are pleased to know that
Cable Alabama's long tradition of attention to customer matters will continue.
We are also very enthusiastic about the potential that the upcoming upgrade
offers our customers."
Xxxxxx said, "We are looking forward to a successful, long-term relationship
with the local governments, the residents and Cable Alabama customers."
KNOLOGY, based in West Point, Ga., is the leading provider of bundled
communications services in the Southeast. KNOLOGY's hybrid fiber coaxial
networks are some of the most technologically advanced in the country. KNOLOGY
is part of the ITC group of companies, which includes Powertel, MindSpring
Enterprises and ITC DeltaCom. For more information, please visit our Web site
at xxxx://xxx.xxxxxxx.xxx.
CONTACT: Xxxx Xxxxxxx at 000-000-0000 (office) 000-000-0000 (cell) or at
xxxxxxxx@xxxxxxx.xxx
