Monitronics Gains 93,000 Subscribers
Ascent Capital Group Inc.
(ASCMA) has recently
announced that its wholly-owned subsidiary
Monitronics International, Inc.
has obtained an
estimate of 93,000 created subscriber accounts.
This amount represents $4.
4...
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Monitronics Gains 93,000 Subscribers
Ascent Capital Group Inc.
(ASCMA) has recently
announced that its wholly-owned subsidiary
Monitronics International, Inc.
has obtained an
estimate of 93,000 created subscriber accounts.
This amount represents $4.
4 million of gross
recurring monthly revenue from Pinnacle Security
for a purchase price of $131 million ? this is after
giving effect to certain purchase price adjustments.
Pinnacle is not responsible for post acquisition
attrition or service.
The accounts have approximately 75% penetration of interactive services.
Mike Haislip, Chief Executive Officer of Monitronics, expresses the company’s delight about
the matter, “We are pleased to have completed this significant transaction that will serve to drive
strong growth in revenue, adjusted EBITDA and RMR.
We can integrate these accounts with
significant operating leverage which will provide strong incremental cash flow.
The quality of
the acquired accounts and the high rate of intera
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