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Bresnan buys AT&T Broadband systems

Cable veteran Bill Bresnan is back, finally cutting a deal Friday to buy
several AT&T Broadband cable systems in Western states.

Bresnan is paying $735 million for the systems -- concentrated in
Montana, Wyoming, Colorado and Utah -- serving 320,000 subscribers.

The deal is expected to close in the third quarter.

Bresnan plans to inject $300 million in capital expenditures over the next
three years to upgrade the systems.