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- As expected, private equity firm TPG Capital has purchased Kirkland, Washington-based cable operator Wave Broadband and will combine it with its RCN operation
- The purchase price for parent company WaveDivision Holdings LCC was listed at $236 billion
Simultaneously, Did Wave Broadband change their name? Astound Broadband is the new name for RCN, Grande, Wave, enTouch and Digital West Together, as regional brands, they form the sixth largest US internet, TV and phone operator and serve eight of the top 10 metro markets
Who bought out RCN? On November 2, 2020, The US cable operator group of RCN, Grande, Wave and enTouch, collectively known as Astound Broadband, was sold by TPG Capital and Patriot Media Management to Stonepeak Infrastructure Partners for $81 billion, including debt
Why is RCN becoming astound?
“It ties in to how proud we are of the service that we deliver to our customers,” Ames said of the new brand “We thought that the Astound name was a reflection of our aspiration of how we want our customers to consider us”
Truly, Did astound buy RCN? PRINCETON, NJ – November 1, 2021 – Astound Broadband (Astound), the sixth largest US cable operator in the United States that operates leading regional providers RCN, Grande, Wave, and enTouch has completed the acquisition of the broadband systems of WideOpenWest, Inc
Why is RCN changing its name?
For example, customers will see “Astound Broadband powered by RCN” on company materials “It ties in to how proud we are of the service that we deliver to our customers,” Ames said of the new brand “We thought that the Astound name was a reflection of our aspiration of how we want our customers to consider us”
Did RCN get bought out? TPG paid $225 billion several years ago to buy Grande and RCN from Arby Partners and then bought Seattle-based Wave Broadband in 2018 for about $236 billion In September, Astound added 22,000 customers into the fold with the conclusion of a deal to buy Houston-based enTouch Systems
Who is Astound Broadband owned by? The company, which offers services under the RCN, Grande Communications and Wave Broadband brands, is the sixth largest cable operator in the US In November 2020, it was sold by TPG Capital to private equity firm Stonepeak Infrastructure Partners for $81 billion
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