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Wave, Wow! to acquire Broadstripe

Thursday 25 August 2011 | 10:10 CET | News
US regional service providers Wave Broadband and Wow! Internet, Cable, and Phone have signed an agreement to purchase substantially all of the assets of residential and commercial bundled communications services provider Broadstripe. Wave will acquire the Washington and Oregon properties which reach more than 103,000 homes. Wow! will add 92,000 households from Broadstripe's Michigan systems to the 1.5 million households it already serves in Illinois, Indiana, Michigan, and Ohio. Broadstripe's Maryland system operating in Anne Arundel County will be acquired by a newly formed entity, Anne Arundel Broadband, and will be operated by industry veterans to include John Bjorn, Broadstripe's current executive vice president of regional operations. The sale must be approved by the Bankruptcy Court and, upon approval, the transition is expected to take up to four months before the sale can be officially completed.

Categories: Internet
Companies: Broadstripe / Wave Broadband / Wow! Internet, Cable, and Phone
Countries: United States
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