Adelphia May Spend Less on Equipmen

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Adelphia Communications Corp. may spend less on cable-television equipment and system upgrades to free up cash as regulators look into whether the company disclosed enough information about its debt, analysts said.

The company last month said it planned to spend $1 billion to $1.2 billion this year to buy gear and upgrade systems as part of spending as much as $2.2 billion. Adelphia buys equipment from companies such as Motorola Inc., Scientific-Atlanta Inc. and C-Cor.net Corp.

Lower spending would give Adelphia the cash it needs to repay some of the $2.3 billion in loans the company guaranteed to partnerships run by the Rigas family, which controls the cable provider.

The disclosure of the debt sent Adelphia shares down 46% since March 27.Adelphia shares rose 57 cents, or 5.5%, to $10.99 on Nasdaq.