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TCI Communications, the cable television unit of Tele-Communications Incorporated, will combine cable systems with Century Communications in Southern California in a move to reduce debt. Century will manage and own a 75 percent stake in the new partnership, while TCI will hold the remaining portion. The deal will expand TCI's reach in the San Francisco Bay Area, while growing Century's hold in Southern California.
TCI Communications, the cable television unit of Tele-Communications Incorporated, will combine cable systems with Century Communications in Southern California in a move to reduce debt. Century will manage and own a 75 percent stake in the new partnership, while TCI will hold the remaining portion. The deal will expand TCI's reach in the San Francisco Bay Area, while growing Century's hold in Southern California.
Discuss: Short Take: TCI, Century to combine forces
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