Wednesday, August 4, 2010

And, it's official

Sunflower Broadband has been purchased by Knology for (cue Dr. Evil laugh) $165 million dollars

From the MBA-speak in the Knology earnings announcement:

-- Highlights of the Sunflower transaction include:

-- Acquisition of a very well managed business with solid
operational and financial metrics
-- Maintains Knology's strategic niche, operating in secondary and
tertiary markets with favorable demographics and positive economic
growth characteristics
-- Consistent culture and value system with focus on customers and
-- Similar hybrid fiber/coax network architecture
-- Incumbent cable operator, adding approximately 54,000 homes
passed to Knology's existing footprint and approximately 105,000
RGU's to Knology's operations
-- Geography offers attractive edge-out possibilities, tack-on
acquisition and larger acquisition opportunities bridging Knology's
southeast and upper Midwest footprints

So what will this mean for Lawrence broadband customers? Time will tell. I am sure a lot of details will start to come out about the announcement today and in the weeks ahead, and we will try to keep you informed here at the Lawrence Broadband Observer.

UPDATE: This rather folksy history of Sunflower written by her soon-to-be-former sister company, the Lawrence Journal World, contains a nugget of news: the local cable network Channel 6 which provides local news, features, and community access will continue to operate on the Knology system in Lawrence.

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