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April 21, 2015 11:47 AM ET

Media

Company Overview of Cequel Communications Holdings I, LLC

Company Overview

Cequel Communications Holdings I, LLC provides video, high-speed Internet, and telephone services through its broadband network to residential and commercial customers in the United States. It offers video services, which include traditional cable video services; advanced digital video services, such as digital video recorders, high definition television, video on demand, and pay-per-view; and local, regional, and long-distance calling services, as well as additional services, including directory assistance, voice mail, and international calling services in the United States, Puerto Rico, the U.S. Virgin Islands, and Guam. The company also provides enterprise class telephone services; and ma...

520 Maryville Centre Drive

Suite 300

St. Louis, MO 63141

United States

6,382 Employees

Phone:

314-315-9400

Key Executives for Cequel Communications Holdings I, LLC

Chairman, Chief Executive Officer, Chairman of Compensation Committee, Chairman of Cequel Holdings and Chief Executive Officer of Cequel Holdings
Age: 57
Chief Financial Officer, Executive Vice President and Director
Age: 55
Chief Operating Officer, Executive Vice President and Director
Age: 52
Chief Technology Officer and Senior Vice President
Age: 52
President of Commercial & Advertising Operations
Age: 52
Compensation as of Fiscal Year 2014.

Cequel Communications Holdings I, LLC Key Developments

Cequel Communications Holdings I, LLC Presents at The Goldman Sachs Sixth Annual TMT Leveraged Finance Conference, Mar-11-2015 01:10 PM

Cequel Communications Holdings I, LLC Presents at The Goldman Sachs Sixth Annual TMT Leveraged Finance Conference, Mar-11-2015 01:10 PM. Venue: Goldman Sachs Conference Center, New York, New York, United States. Speakers: Mike Pflantz, Senior Vice President, Corporate Finance.

Cequel Communications Holdings I, LLC Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Capital Expenditure Guidance for 2015

Cequel Communications Holdings I, LLC reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, revenue of $592.1 million grew 5.6% compared to $556.6 million for the fourth quarter of the prior year. Adjusted EBITDA was $233.5 million against $218.9 million last year. Income from operations was $75.5 million against $52.2 million last year. Income before income taxes was $13.8 million against loss before income taxes of $3 million last year. Net income was $7.1 million against $4.3 million last year. Pro-forma revenue was $592.1 million compared to $560.9 million last year. Pro-forma adjusted EBITDA was $233.5 million against $220.4 million last year. Pro-forma income from operations was $75.8 million against $53.2 million last year. Pro-forma income before income taxes was $14.1 million against pro-forma loss before income taxes of $2.0 million last year. Pro-forma net income was $7.4 million against $5.3 million last year. Net cash provided by operating activities was $183.0 million against $163.1 million last year. Total capital expenditures were $103.3 million against $77.8 million last year. Revenue increased 5.6%, largely attributable to the increase in residential high-speed Internet revenue; growth in revenue from commercial business, including carrier services; growth in converter rental revenue for high-definition television (HDTV) and digital video recorder (DVR) capable digital converters; and growth in advertising revenue. Income from operations increased, due primarily to an increase in adjusted EBITDA and a decrease in amortization expense, offset, in part, by an increase in depreciation expense and non-cash share based compensation expense. For the year, revenue was $2,330.7 million against $2,183.3 million for the full year of 2013. Adjusted EBITDA was $887.9 million against $840 million last year. Income from operations was $258.5 million against $184.7 million last year. Income before income taxes was $28.3 million against loss before income taxes of $65.1 million last year. Net income was $19.5 million against net loss of $48.4 million last year. Pro-forma revenue was $2,333 million compared to $2,200.4 million last year. Pro-forma adjusted EBITDA was $888.3 million against $845.2 million last year. Pro-forma income from operations was $258 million against $186.7 million last year. Pro-forma income before income taxes was $27.8 million against pro-forma loss before income taxes of $63.1 million last year. Pro-forma net income was $19 million against pro-forma net loss of $46.4 million last year. Net cash provided by operating activities was $690.7 million against $510.6 million last year. Total capital expenditures were $420.6 million against $359.3 million last year. Full year revenue for 2014 increased 6.0%, largely attributable to the increase in residential high-speed Internet revenue; the impact of video rate increases; growth in converter rental revenue for HDTV and DVR capable digital converters; growth in revenue from commercial business, including carrier services; and growth in advertising revenue. Income from operations increased due primarily to an increase in adjusted EBITDA and a decrease in amortization expense, offset, in part, by an increase in depreciation expense and non-cash share based compensation expense. Capital expenditures in 2014 were $417.3 million, which was within the guidance it provided on its last call. For 2015, the company expects capital expenditures to be approximately $480.0 million to $490.0 million, which includes $85.0 million of capital expenditures related to Operation GigaSpeed. This range could increase further with success based commercial or carrier opportunities.

Cequel Communications Holdings I, LLC to Report Q4, 2014 Results on Feb 24, 2015

Cequel Communications Holdings I, LLC announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Feb 24, 2015

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