Rural cable consolidator GTCR said today that it plans to acquire another rural cable consolidator Vyve Broadband. The acquisition will be made through GTCR’s management partnership with Mega Broadband Investments and will double MBI’s previous footprint. The GTCR Vyve deal…
Private equity firm GTCR and Rural Broadband Investments are wasting no time in pursuing their plan to acquire rural cable systems. Less than a month after announcing their first acquisition, the companies late yesterday revealed they had purchased cable service…
Former FCC Chairman Reed Hundt hopes this week’s acquisition of tier 2 cable company NewWave Communications by investment firm GTCR will be “the first of many.” Telecompetitor spoke this week with Hundt, who headed up the FCC during the Clinton…
The last two years or so have seen a slew of broadband providers rename either themselves or their services. Some are even using a brand name as though it was a company, issuing press releases that scarcely reference the official…
Cable One has gained some new investors through a complex deal that involves the creation of a joint venture to be known as Clearwave Fiber. Cable One will own the majority of the joint venture, which will include Cable One’s…
Cable One has entered into a definitive agreement to purchase the 85% of Hargray Acquisition Holdings that it doesn’t already own. The deal, which implies a $2.2 billion total enterprise value for Hargray, is expected to close in the second…
Astound Broadband, parent company of broadband providers RCN, Wave, Grande, and enTouch, has agreed to be sold to Stonepeak Infrastructure Partners (Stonepeak) in what is being characterized as the largest cable broadband transaction in the past 5 years. The deal…
GI Partners has agreed to purchase Vast Broadband from Pamlico Capital and Oak Hill Capital for an undisclosed amount. Vast Broadband provides high-speed broadband, video, and voice services to over 60,000 residential and business customers in South Dakota and Minnesota….
Cable One is buying a 45% stake in Mega Broadband Investments Holdings LLC (MBI) from GTCR LLC for $574.1 million in cash, the companies announced yesterday. The final cash figure may be somewhat different because it will be adjusted for…
Atlantic Broadband continued in its role as broadband provider consolidator with the news today that the company plans to acquire Connecticut-based Thames Valley Communications. The acquisition, which is expected to close within three months, will bring approximately 10,000 customers in…
As 2019 winds toward a close, the fate of the proposed Sprint/ T-Mobile merger is still uncertain. But whatever the fate of that deal, 2019 was a big year for telecom/ broadband mergers and acquisitions – and virtually no segment…
What’s happening with broadband and why is it important? Find out by subscribing to Telecompetitor’s newsletter today.