RCN Telecom Services $2.36 billion acquisition of Wave Broadband

Overview:

• RCN Telecom Services has acquired Wave Broadband for $2.36 billion.
• TPG Capital, a private equity firm, owns RCN.
• The deal will create the nation’s sixth-largest cable operator.
• Wave is a regional broadband fibre company offering a full suite of high-speed data, video and voice services to residential and business customers.

Katrin Kostadinova - Data analyst