Keyword Analysis & Research: who owns rcn capital

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Who bought out RCN?

Stonepeak, a private equity firm specializing in infrastructure investing, is buying Astound from TPG Capital, which acquired RCN in early 2017. The announcement comes about two months after Reuters reported TPG was exploring a sale of Astound that could fetch more than $8 billion.

Is RCN a cable company?

As of 2013 RCN's network offered coverage to approximately 3.8 million people, making it the 11th largest provider of cable Internet access in the U.S. [2] Its operations, as well as sister companies Grande Communications, and Wave Broadband are handled under affiliate Patriot Media Consulting.

Who is buying RCN in the Lehigh Valley?

RCN, one of the Lehigh Valley’s primary cable TV and internet providers, is changing hands again in the private equity world. Stonepeak Infrastructure Partners is buying Astound Broadband, the sixth-largest U.S. cable operator, which includes regional providers RCN, Grande, Wave and enTouch, for $8.1 billion, including debt.

What happened to RCN?

Meanwhile, RCN in 2010 announced a deal to sell itself to Abry Partners for about $1.2 billion in cash and assumed debt. Then, in August 2016, TPG announced an agreement to buy RCN from Abry for $1.6 billion, a deal that closed in early 2017.

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