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Broadband

TPG confirms takeover of RCN, Grande Comm for USD 2.25 bln

Tuesday 16 August 2016 | 08:49 CET | News
TPG Capital confirmed an agreement to take over US cable operators RCN Telecom Services and Grande Communications Network from ABRY Partners for USD 1.6 billion and USD 650 million, respectively. TPG will combine the assets to create a top ten US cable company. The transaction is expected to close in the first quarter of 2017, subject to regulatory approvals. Patriot Media, which has managed RCN since 2010 and Grande since 2013, is cooperating with TPG on the acquisition.

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Categories: Fixed
Companies: Grande Communications / RCN
Countries: United States
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