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NewWave wraps purchase of Avenue Broadband

Mon, 04/18/2011 - 8:00am
Brian Santo

MCG Capital completed its sale of Avenue Broadband to NewWave Communications for $50.4 million.

The sale was announced in February.

NewWave Communications serves more than 117,000 customers in Missouri, Tennessee, Kentucky, Illinois, Indiana and Arkansas.

Avenue runs network systems in Indiana and Illinois and is roughly one-tenth the size of NewWave in terms of subscriber count.

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