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

August 15, 2016 12:36 PM

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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.

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