Home TPG sells Astound Broadband for USD 8.1 billion, including USD 4.5 billion worth of debt
 

Keywords :   


TPG sells Astound Broadband for USD 8.1 billion, including USD 4.5 billion worth of debt

2020-11-02 10:40:00| Telecompaper Headlines

(Telecompaper) Private equity firm Stonepeak Infrastructure Partners (Stonepeak) has agreed to buy Astound Broadband, the sixth largest US cable operator in the US, for USD 8.1 billion. TPG, another private equity firm, started looking for buyers for Astound earlier this fall. It acquired RCN and Grande for USD 2.25 billion in 2016 and a year later bought Wave Broadband in a USD 2.37 billion deal.  

Tags: of including worth usd

Category:Telecommunications

Latest from this category

All news

23.04Google Cloud Next 24 Highlights
22.04HIMSS 24 Healthcare IT Conference Hot Topics from AI to Partner Alliances
Telecommunications »
02.05Uber faces 250m London black cab drivers lawsuit
02.05New Febreze Car Dials Up the Intensity in Automotive Air Care
02.05Monadnock Paper Mills appoints Chloe Jones
02.05The insect farmers turning to AI to help lower costs
01.05Knowing beats hoping
01.05Anderson & Vreeland acquires Adheso-Graphics
01.05Brazil issues favorable regulatory determination for PICs PRRS-resistant pig
01.05Fed holds key interest rate and warns on inflation
More »