 Current logo used since 2022. | |
| Company type | Subsidiary |
|---|---|
| Industry | Telecommunications |
| Founded | January 24, 2018 |
| Headquarters | , United States |
| Services | |
| Parent | Stonepeak Infrastructure Partners |
| Divisions |
|
| Website | astound |
Astound Broadband is an American telecommunicationsholding company based inPrinceton, New Jersey. It was formed on January 24, 2018, with the completion of the $2.36 billion purchase of Kirkland-basedWave Broadband byprivate-equity firmTPG Capital. TPG combined Wave with its existing combination ofPrinceton-basedRCN Corporation andSan Marcos-basedGrande Communications, both of which were acquired on February 1, 2017, in a $2.25 billion deal; TPG bought RCN for $1.6 billion and Grande for $650 million.[1][2][3][4]
While TPG held the Internet providers as an unnamed collective unit, they somewhat maintained independence from each other despite sharing resources. TPG then expanded the unit with its purchase ofHouston-based enTouch Systems on September 18, 2020, for an undisclosed sum.[5][6] Less than two months later, Stonepeak Infrastructure Partners announced on November 1 that it would purchase the unit, by then named Astound after a previous name used by Wave inSan Francisco, from TPG for $3.6 billion along with $4.5 billion in debt through aleveraged buyout;[6][7][8] TPG had explored selling Astound due to the increased demand for Internet bandwidth during theCOVID-19 pandemic.[9] Astound's expansion continued with its purchase ofSan Luis Obispo-based Digital West on January 26, 2021, also for an undisclosed sum.[10]
Astound Broadband was a provider ofcable TV,broadband internet, andtelephone services on the West Coast, and served over 325,000 residential and business customers within communities in theSan Francisco Bay Area. Astound provided services via theirfiber-optic network, including high speed internet, digital cable, home phone service, international programming, DVR, HDTV, and TV On Demand.[11]Astound Broadband was part ofWaveDivision Holdings, LLC, which is headquartered inKirkland, Washington. On May 1, 2015, Astound Broadband in San Francisco adopted the parent company's name and was rebranded Wave, which offers the same services to the same geographical areas.[12]
Astound Broadband had an outage for most of Wednesday afternoon and evening.
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