COMCAST CORP acquired Lenfest Communications, Inc., a transaction completed in January 2000, structured as Acquisition; terms not stated in release.
Lenfest Communications, Inc. operates in Comcast Cable, is based in Philadelphia / mid-Atlantic region, USA. Comcast Corporation completed the acquisition of Lenfest Communications, Inc., then the ninth-largest U.S. cable television operator, adding roughly 1.25 million cable subscribers to Comcast Cable. The deal solidified Comcast's position as the third-largest U.S. cable operator and concentrated its footprint in the mid-Atlantic region from New Jersey to suburban Washington, D.C.
Drives geographic consolidation of key mid-Atlantic markets, enhancing Comcast's ability to offer expanded digital video and broadband services and creating one of the largest concentrated broadband operations in the country.
Advisory firms were not disclosed for this transaction.