Eleven months after Adelphia Communications filed for bankruptcy protection, the cable TV operator got its hands on some cash to fight its subscriber losses.

That money will come in handy, because Adelphia said this week it was overstating subscriber counts by more than 7% last year.

Adelphia, which until last year was run by the Rigas family of Coudersport, Pa., said Wednesday evening it had reached various agreements with lenders giving it access to $1.5 billion in financing for operations and capital expenditures.

The company announced the proposed loan when it filed for bankruptcy protection last June, but hadn't been able to reach agreement with lenders over terms of the loan until now.

With the money, Adelphia presumably will be able to upgrade its network -- a step that other major cable operators say is essential to fighting off competition for subscribers from direct broadcast satellite services.

The $1.5 billion facility will enable Adelphia to offer advanced data and video services to more than 90% of homes passed by its systems, the company says.

Earlier this week, the company said that it overstated subscribers to its basic and digital-video subscribers last year. Instead of the 5.8 million basic subscribers the company reported as of Sept. 30, the company now says its subscribers, under a more conservative counting method, numbered 5.4 million at the time.

With 5.3 million subscribers as of March 31, Adelphia has seen its basic subscriber count drop 2.3% from its restated figures for March 2002.

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