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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/04/1999
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     Jerald L. Kent, our President and Chief Executive Officer and a director of
Charter Holdings, Stephen E. Silva, our Senior Vice President -- Corporate
Development and Technology, and Mr. Savoy, a member of our board of directors
are all members of the board of directors of High Speed Access Corp.
 
   
     Upon completion of the offering, Charter Investment, Inc. will assign to
Charter Communications Holding Company all of its rights and obligations under
its agreements with High Speed Access, and transfer the warrants to purchase up
to 7,750,000 shares of common stock of High Speed Access, to Charter
Communications Holding Company.
    
 
     WORLDGATE.   WorldGate is a provider of Internet access through cable
television systems. On November 7, 1997, Charter Investment, Inc. signed an
affiliation agreement with WorldGate pursuant to which WorldGate's services will
be offered to some of our customers. The term of the agreement is five years
unless terminated by either party for failure of the other party to perform any
of its obligations or undertakings required under the agreement. The agreement
automatically renews for additional successive two-year periods upon expiration
of the initial five-year term. All of Charter Investment, Inc.'s operations take
place at the subsidiary level and it is through Charter Investment, Inc. that we
derive our rights and obligations with respect to WorldGate. Pursuant to the
agreement, we have agreed to use our reasonable best efforts to deploy the
WorldGate Internet access service within a portion of our cable television
systems and to install the appropriate headend equipment in all of our major
markets in those systems. Major markets for purposes of this agreement include
those in which we have more than 25,000 customers. We incur the cost for the
installation of headend equipment. In addition, we have agreed to use our
reasonable best efforts to deploy such service in all non-major markets that are
technically capable of providing interactive pay-per-view service, to the extent
we determine that it is economically practical. When WorldGate has a telephone
return path service available, we will, if economically practical, use all
reasonable efforts to install the appropriate headend equipment and deploy the
WorldGate service in our remaining markets. Telephone return path service is the
usage of telephone lines to connect to the Internet to transmit data or receive
data. We have also agreed to market the WorldGate service within our market
areas. We pay a monthly subscriber access fee to WorldGate based on the number
of subscribers to the WorldGate service. We have the discretion to determine
what fees, if any, we will charge our subscribers for access to the WorldGate
service. We started offering WorldGate service in 1998. For the six months ended
June 30, 1999, we paid to WorldGate approximately $570,000. For the year ended
December 31, 1998, we paid to WorldGate approximately $276,000. We charged our
subscribers approximately $76,000 for the six months ended June 30, 1999, and
approximately $22,000 for the year ended December 31, 1998.
 
     On November 24, 1997, Charter Investment, Inc. acquired 70,423 shares of
WorldGate's Series B preferred stock at a purchase price of $7.10 per share. On
February 3, 1999, a subsidiary of Charter Holdings acquired 90,909 shares of
Series C preferred stock at a purchase price of $11.00 per share. As a result of
a stock split, each share of Series B preferred stock will convert into
two-thirds of a share of WorldGate's common stock, and each share of Series C
preferred stock will convert into two-thirds of
 
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