Stonepeak Closes Acquisition of Astound Broadband
Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today closed its previously announced $8.1 billion acquisition of Astound Broadband (Astound), the sixth largest U.S. cable operator in the United States, operating leading regional providers RCN, Grande Communications (Grande), Wave Broadband (Wave) and enTouch Systems (enTouch).
Astound Broadband to Acquire Select Assets of WOW! Internet, Cable & Phone
Astound Broadband, the sixth largest cable operator in the United States (doing business as RCN, Grande Communications, and Wave Broadband), today announced that it has reached an agreement to acquire the Chicago, IL, Evansville, IN, and Anne Arundel, MD assets of WOW! Internet, Cable & Phone for $661 million. In total, these assets comprise approximately 128,000 residential and business customers, more than 700,000 homes passed and 5,700 miles of plant. The company expects the transaction to close later this year.
Astound Broadband Acquires Digital West, Adding California’s Central Coast Region to West Coast Fiber Network
Astound Broadband, the sixth largest cable operator in the United States, today announced that it has acquired Digital West, a provider of fiber optic connectivity and related services for thousands of business customers in California’s Central Coast region. The acquisition is effective immediately. Adding Digital West to Astound’s regional business operations and fast-growing West Coast fiber network gives Digital West access to an expanded base of business connectivity and communication services.
Stonepeak Announces Agreement to Acquire Astound Broadband from TPG for $8.1 Billion
Stonepeak Infrastructure Partners (Stonepeak), a private equity firm specializing in infrastructure investing, today announced it has entered into a definitive agreement to acquire Astound Broadband (Astound), the sixth largest U.S. cable operator in the United States that operates leading regional providers RCN, Grande, Wave and enTouch. Stonepeak will acquire the company from TPG Capital and Patriot Media Management for $8.1 billion. The transaction is expected to close in the second quarter of 2021 and is subject to customary closing conditions, including regulatory approvals.
Astound Business Solutions Announces Collaboration with Ciena
Astound Business, a communications provider delivering industry-leading high-speed internet, voice, and cloud networking services for businesses of all sizes, today announced its collaboration with networking, services and software company Ciena.
Astound Broadband Concludes Acquisition of EnTouch Systems
Astound Broadband, award-winning provider of high-speed internet, digital TV and phone services across the U.S., today finalized its previously announced acquisition of EnTouch Systems, Inc. (EnTouch). The agreement adds residential and business services in Houston, TX to the organization’s joint service portfolio, as well as approximately 22,000 customers to its coverage area in Texas. This closely follows another September announcement that Astound surpassed the milestone of serving more than one million customers nationwide.
Astound Broadband Receives Top Residential and Business ISP Honors and Readers’ Choice Awards
Astound Broadband, a national telecommunications provider with a local focus, today announced a series of recognitions in PCMag’s 2020 Readers’ Choice Awards and PCMag’s Business Choice Awards.
Astound Business Enhances Software-Defined Wide-Area Network Solution
Astound Business Solutions, a communications provider delivering mission-critical fiber infrastructure solutions in seven of the top 10 metro markets across the United States, today announced enhancements to its Software-Defined Wide-Area Network (SD-WAN) solution. This service delivers a secure, centralized network management solution for businesses of all sizes.
Astound Business Announces Construction of Hillsboro Data Center Ring II
Astound Business, a national telecommunications provider with a local focus, today announced the construction of Hillsboro Data Center Ring II, a pioneering fiber optic network in Oregon scheduled to be completed in the second quarter of 2020. Hillsboro is already home to Astound’s fiber Ring I, a cross-connect facility for several transpacific submarine cables that currently connects six data centers.
RCN Recognized as Internet Service Provider in PCMag Readers’ Choice Awards
RCN, an award-winning provider of high-speed internet, digital TV and phone services, was recognized for a fifth time as a top Internet Service Provider (ISP) in PCMag’s 2019 Readers’ Choice Awards.