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SEC Filings

S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 04/30/1999
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<PAGE>   309
                    HELICON PARTNERS I, L.P. AND AFFILIATES
 
             NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED)
 
     On December 17, 1997, HOL acquired the net assets of a telephone dial-up
ISP serving 1,571 (unaudited) customers in and around the area of Plainfield,
Vermont. The aggregate purchase price was $497,307.
 
     On December 17, 1997, HOL acquired the net assets of a telephone dial-up
ISP serving approximately 2,110 (unaudited) customers in and around the area of
Wells River, Vermont. The aggregate purchase price was $673,170.
 
     The aggregate purchase price of the 1997 ISP acquisitions was $2,490,062
and was allocated to the net assets acquired, based on their estimated fair
value. Such allocation is summarized as follows:
 

<TABLE>
<S>                                                  <C>
Internet service equipment.........................  $  237,064
Customer lists.....................................   1,409,768
Non-compete Agreement..............................     883,097
Other intangible assets............................      35,000
Other net operating items..........................     (74,867)
                                                     ----------
Total aggregate purchase price.....................  $2,490,062
                                                     ==========
</TABLE>

 
     A portion of the purchase price was paid through the issuance of notes to
the Sellers totaling $1,801,000. Such notes were reported net of imputed
interest of $304,698 computed at 9% per annum (see Note 11).
 
     The operating results relating to the above acquisitions, effective with
their acquisition dates, are included in the accompanying combined financial
statements.
 
                                      F-154