SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 14, 2016
(Exact name of Registrant as specified in its charter)
1 Mediacom Way
Mediacom Park, NY 10918
(Address of principal executive offices)
Registrants telephone number: (845) 443-2600
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
|¨||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|¨||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|¨||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|¨||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Item 7.01. Regulation FD Disclosure.
We are a wholly-owned subsidiary of Mediacom Communications Corporation (MCC), and MCCs cable systems are owned and operated through our operating subsidiaries and those of Mediacom Broadband LLC, another wholly-owned subsidiary of MCC.
On March 14, 2016, MCC issued a press release announcing its intention to spend $1 billion of aggregate capital expenditures over the next three years. MCC did not disclose how it intends to allocate such capital expenditures between us and Mediacom Broadband LLC.
A copy of the press release is being furnished as Exhibit 99.1 to this report and is incorporated herein by reference. The press release contains forward-looking statements in which MCC states its beliefs and expectations with respect to future or anticipated events and operating performance. The forward-looking statements contained in the release are not guarantees of future performance or results, and are subject to risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated in the release as a result of various factors, many of which are beyond our and MCCs control. We disclaim any obligation to update any forward-looking statements contained therein, except as may be required by applicable federal securities laws.
Item 9.01. Financial Statements and Exhibits.
|99.1||Press release issued by Mediacom Communications Corporation on March 14, 2016|
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 14, 2016
|By:||/s/ Mark E. Stephan|
|Mark E. Stephan|
|Executive Vice President and|
|Chief Financial Officer|
For Immediate Release
Mediacom Communications Marks 20th Anniversary
by Announcing $1 Billion Capital Investment
Wide-scale Deployment of 1-Gig Broadband Service Headlines List of Company Initiatives
Mediacom Park, NY March 14, 2016 In recognition of the 20th anniversary of its first cable system purchase, Mediacom Communications announced today that the Company intends to invest $1 billion over the next 3 years to, among other projects, upgrade and expand its national broadband network. Headlining the list of planned company initiatives is Project Gigabit, a wide-scale deployment of 1 gigabit per second broadband services to virtually all of the 3 million homes and businesses within the 1,500 communities located in Mediacoms 22 state footprint.
From the time we acquired our first cable system in March 1996, Mediacoms focus has always been to offer the smaller communities we serve the same communications and video services that are available in Americas largest cities, said Mediacoms founder and CEO, Rocco B. Commisso. Project Gigabit will allow us to go even further by giving our customers access to one of the fastest broadband networks in the world.
Project Gigabit will build upon the residential gigabit product launches completed by Mediacom in 2015 and the widely available Gigabit+ Fiber SolutionsTM offered by Mediacom Business today. The Company expects to bring the first wave of Project Gigabit communities online as early as the fourth quarter of 2016. Unlike some other 1-Gig providers whose services are limited to selected neighborhoods and/or are relying on federal, state or local taxpayer subsidies, Mediacom will invest its own money to make gigabit speeds available to essentially all of the residences and businesses along its network.
In addition to Project Gigabit, Mediacoms $1 billion capital investment plan will fund a number of other important customer initiatives including:
|||Expansion of Mediacom Businesss high-capacity network inside downtown areas and commercial districts in order to create more lit buildings within the Companys footprint and bring tens of thousands of new business customers on-net with immediate access to fiber-based communications services.|
|||Extension of Mediacoms deep-fiber residential video, Internet and phone network in order to pass at least an additional 50,000 homes.|
|||Deployment of community Wi-Fi access points throughout high-traffic commercial and public areas across Mediacoms national footprint.|
The $4.2 billion in private capital invested by Mediacom over the last 20 years has allowed us to, among other things, create an all-digital video network, launch a variety of advanced broadband services and deploy nearly 600,000 strand miles of fiber, continued Commisso. We decided to accelerate our capital spending over the next 3 years because our Company wants to be the engine that drives economic growth and development for businesses and residents in the communities we serve.
Mediacom Communications Corporation
1 Mediacom Way Mediacom Park, NY 10918 845-443-2600 Fax 845-698-4100
About Mediacom Communications
Mediacom Communications Corporation is the eighth largest cable operator in the U.S. serving about 1.3 million customers in smaller markets primarily in the Midwest and Southeast through its wholly-owned subsidiaries, Mediacom Broadband LLC and Mediacom LLC. Mediacom offers a wide array of information, communications and entertainment services to households and businesses, including video, high-speed data, phone, and home security and automation. Through Mediacom Business, the company provides innovative broadband solutions to commercial and public sector customers of all sizes, and sells advertising and production services under the OnMedia brand. More information about Mediacom is available at www.mediacomcc.com.
SVP Government & Public Relations