Advertisement

TPG Capital announced this week it closed its previously announced acquisitions of RCN Telecom Services LLC and Grande Communications Networks LLC, two regional broadband service providers. The transaction combines the two companies into the seventh largest U.S. cable company that provides high-speed data services for residential and business customers in six states. Jim Holanda and Steve Simmons of Patriot Media, who have run RCN since 2010 and Grande since 2013, will continue to lead the combined company.

Back in August, TPG Capital announced that it had entered into two definitive agreements to acquire RCN and Grande in separate transactions from ABRY partners for $1.6 billion and $650 million, respectively. The combined company serves markets in Austin, Boston, Chicago, Dallas, Lehigh Valley, N.Y., Philadelphia, San Antonio, and Washington, D.C.

Cable ONE Business announced this week that many small- and medium-sized businesses in the company’s footprint now have access to a new service, EZ Ethernet. The operator says it is available to more than 80 percent of all businesses in the company’s serviceable markets. It reportedly allows businesses to quickly connect multiple sites with a standard cable modem to instantly increase network bandwidth and reliability, while lowering monthly and annual costs. Symmetrical bandwidth options include 3, 5, and 10 Mbps.

“In any multi-site operation, connectivity between locations is always a top-of-mind concern,” Chris Boone, VP of business services for Cable ONE, says. “Even something as simple as sharing a folder or file becomes a challenge if the operation’s bandwidth hasn’t kept pace with its needs. As businesses migrate away from the traditional T1 infrastructure, we believe EZ Ethernet is a great alternative that provides superior bandwidth and flexibility with quick installation timelines.”

Cable ONE Business points out that EZ Ethernet allows customers to choose different bandwidths for different locations. The service also allows customers to add new locations and scale bandwidth by location up to 10 Mbps as their needs change.

FilmStruck, the streaming movie service that focuses on arthouse, indie, foreign, and cult films, announced it is now available on Google Chromecast second generation and Chromecast Ultra devices. The streaming service also says it will launch on Roku, Playstation 4, and Xbox One in the coming months. FilmStruck is available for streaming on Apple TV 4th generation devices, Amazon Fire TV, web, iOS and Android devices.

There service was developed and is managed by Turner Classic Movies (TCM) in collaboration with the Criterion Collection.

On Thursday, representatives from Altice USA held an event at the New Jersey Community Development Corporation (NJCDC) in Paterson, N.J., in which fifth grade students from the Community Charter School of Paterson presented on the importance of the internet to an audience that included New Jersey Assembly Members Shavonda Sumter and Benjie E. Wimberly. The event also kicked off Altice USA’s partnership with the NJCDC to raise awareness of the company’s low-cost Optimum broadband service, Economy Internet, which is available in Paterson as well as several additional pilot areas in the tri-state area.

The Economy Internet service provides eligible families and seniors with access to internet connectivity at $14.99 per month.

Advertisement
Advertisement