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Grande Communications

From Wikipedia, the free encyclopedia
Telecommunications firm based in Texas
Grande Communications Networks, LLC
Company typeSubsidiary
IndustryTelecommunications
HeadquartersPrinceton,New Jersey,U.S.
Key people
Jim Holanda, CEO
ServicesHigh-speed Internet access
Digital television
Digital telephone
ParentAstound Broadband

Grande Communications Networks,LLC was an American telecommunications company, based inSan Marcos, Texas, that used a fiber optic and cable network to offer broadband services. The company was established in 1999 when it was the recipient of the largest round of venture capital funding in Texas.[1] Grande deliveredinternet access, local and long-distancetelephone service anddigital cable over its own network to nine different markets in Texas.[2] Grande Communications served as the primary provider of cable services for dormitories on the campuses ofTexas State University,University of the Incarnate Word,Baylor University and theUniversity of Texas at Austin. It was controlled byprivate equity firmTPG Capital through its affiliate Patriot Media Consulting.[3][4] Grande Communications was available to an estimated 1.1 million people, previously making it the 16th largest provider of cable broadband in the U.S. by coverage area.[5]

Acquisitions and mergers

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This section needs to beupdated. Please help update this article to reflect recent events or newly available information.(November 2018)

On May 22, 2017RCN Corporation,Wave Broadband and Grande Communications announced the combination of the three companies to create the sixth largest cable operator across seven of the ten top US cities.[6]

On February 24, 2020, RCN Corporation announced its planned merger of enTouch Systems,[7] a provider of high-speed internet, video, voice and home security services to the Houston area. The transaction is expected to close by the end of 2020. Upon closing, the transaction will add approximately 22,000 customers.[8]

On November 2, 2020, the US cable operator group of RCN, Grande, Wave and enTouch, collectively known as Astound Broadband, was sold by TPG Capital and Patriot Media Management toStonepeak Infrastructure Partners for $8.1 billion, including debt.[9]

References

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  1. ^"Grande Communications Acquires Thrifty Call". Archived from the original on 2007-10-21.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  2. ^"Grande Communications Overview and Coverage". broadbandnow.com. Retrieved2015-06-01.
  3. ^Dinges, Gary."San Marcos-based Grande Communications sold in $2.5 billion deal".Austin American-Statesman. Archived fromthe original on 2020-08-01. Retrieved2020-04-10.
  4. ^"TPG completes acquisition of Grande Communications and RCN".www.spglobal.com. Retrieved2020-04-10.
  5. ^"Grande Communications - Internet Service Provider - BroadbandNow".Broadband Now. Retrieved2017-07-31.
  6. ^"RCN, Grande and Wave Broadband Join Forces". RCN. Archived fromthe original on 2017-06-03. Retrieved2017-06-03.
  7. ^enTouch Systems
  8. ^"TPG Broadband Acquisitions Continue, Adds EnTouch Systems to RCN, Grande, and Wave Portfolio".Telecompetitor. Retrieved2020-06-04.
  9. ^"Private equity firm forks out $8.1B to buy Wave, RCN, enTouch and Grande".FierceTelecom. Retrieved2020-11-02.

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