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TPG Capital to buy RCN Tele & Grande Comm for $2.25 billion

Staff Writer | August 15, 2016
Private equity firm TPG Capital said that it agreed to acquire two regional broadband services providers, RCN Telecom Services and Grande Communications Networks.
TPG Capital
Acquisition   Two regional broadband services providers sold
Those aer separate transactions from ABRY Partners for $1.6 billion and $650 million, respectively.

The transaction is expected to close in the first quarter of 2017 and is subject to customary closing conditions, including regulatory approvals.

RCN and Grande are local broadband providers with technologically-advanced networks that offer a full suite of internet, video, and phone services to both residential and business customers.