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Broadband

TPG to buy RCN, Grande Com for USD 2.25 bln - report

Monday 15 August 2016 | 09:07 CET | News
Private-equity firm TPG has agreed to buy US cable operators RCN and Grande Communications for about USD 2.25 billion including debt, people familiar with the matter told the Wall Street Journal. Google Capital is taking a minority stake in the companies, which are currently owned by private-equity firm Abry Partners, some of the people said. The transactions could be announced 15 August. RCN provides cable, phone and internet service on the East Coast and in Chicago, while Grande offers the same services in Texas. Grande and RCN have shared management and other resources since Abry agreed to

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