Charter Communications, Inc. recently announced it had a signed definitive agreement with WaveDivision Holdings, LLC for the sale of its Port Orchard, system. Terms of the transaction were not disclosed but the value of the deal is reported to be $91 million.

Charter’s Port Orchard system serves approximately 25,500 analog video customers, 12,900 digital video customers and 11,000 cable modem subscribers in its Port Orchard system.

In making the announcement, Charter, which is owned by Microsoft co-founder Paul Allen and is one of his “Wired World” companies, said its Port Orchard system is one of several previously undisclosed properties deemed “geographically non-strategic.” According to local manager Jerry Rotondo, that means it isn’t geographically contiguous to any other Charter properties or any Charter might consider acquiring.

WaveDivision is a Kirkland-based company that serves approximately 27,000 cable TV, digital cable and high-speed Internet customers in Western Washington. The company was formed in 2002 for the sole purpose of acquiring cable systems near major metropolitan markets in Washington and Oregon. Steven Weed, founder and CEO, is a 22-year industry veteran.

The Port Orchard system has seen a number of ownership changes since it was launched as Olympic TV Cable by Gig Harbor resident Gene Twiner in the late 1970s. Twiner sold it in the mid-1980s to a firm called Rock Associates who sold it to Falcon Cable less than a year later. Charter acquired the system during the late 1990s.

The transaction, which is expected to close by year-end, is subject to certain closing conditions, price adjustments and regulatory review.