TPG Completes Wave Broadband Deal

Multichannel News 1/24/2018
by Mike Farrell

TPG Capital has completed its previously announced purchase of Wave Broadband, a $2.36 billion deal that creates the sixth largest cable operator in the country.

TPG, which also owns RCN and Grande Communications, first announced the Wave deal in May.

“By combining RCN/Grande and Wave, we are creating a leading, national-scale internet provider and cable TV operator with significant growth potential,” RCN/Grande CEO Jim Holanda said in a statement. “We are pleased to announce the close of this transaction, and look forward to our continued growth led by a strong focus on customer service and commitment to providing the highest quality high-speed internet, TV, and voice services available.”

The combined companies have a presence in seven of the top 10 DMAs and have nearly 950,000 voice, video and data subscribers.

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