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June 27, 1997updated 05 Sep 2016 1:03pm

TCI SIGNS DEAL WITH FALCON TO MERGE US CABLE SYSTEMS

By CBR Staff Writer

Cable and satellite broadcasting major Tele-Communications Inc and Falcon Holding Group LP have signed a letter of intent to establish a partnership in which Tele-Communications will contribute certain of its cable systems in Oregon, Washington, Missouri, Alabama and California, to combine them with Falcon’s systems in 26 states. The deal amounts to some 300,000 Tele- Communications subscribers. Tele-Com will hold a minority interest in the partnership, which will be managed by Falcon. Falcon will consolidate the results of the partnership for accounting purposes.

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