manager and 38.0% equity owner of Charter Holdco, or have been put to Paul G.
Allen, beneficial owner of Charter Holdco.
The Falcon cable systems are located in California and the Pacific
Northwest, Missouri, North Carolina, Alabama and Georgia. For the year ended
December 31, 1998, the Falcon cable systems had revenues of approximately $307.6
million. Approximately 7% of these systems' customers are served by systems with
at least 550 megahertz bandwidth capacity.
AVALON. In November 1999, Charter Holdco purchased directly and indirectly
all of the equity interests in Avalon Cable LLC for approximately $576.9 million
in cash and $268.1 million in assumed notes. The purchase price is subject to
adjustment. Avalon Cable operates primarily in Michigan and the New England
area. For the year ended December 31, 1998, Avalon Cable had revenues of
approximately $18.2 million. Approximately 15% of the Avalon cable systems'
customers are served by systems with at least 550 megahertz bandwidth capacity.