TPG Capital to buy cable companies RCN, Grande for $2.25 billion

August 15, 2016 12:36 PM

11 0

Private equity firm TPG Capital [TPG.UL] said it would buy broadband services providers RCN Telecom Services LLC [RTSL.UL] and Grande Communications Networks LLC for $2.25 billion.

TPG will buy the cable companies in two separate transactions from ABRY Partners for $1.6 billion and $650 million, TPG said on Monday.

Also read: AT&T-Time Warner deal could spur more mergers, scrutiny

Read more

To category page