Grande Communications Networks, LLC is an American telecommunications company, based in San Marcos, Texas, that uses 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 delivers internet access, local and long-distance telephone service and digital cable over its own network to nine different markets in Texas.[2] Grande Communications serves as the primary provider of cable services for dormitories on the campuses of Texas State University, University of the Incarnate Word, Baylor University and the University of Texas at Austin. It is controlled by private equity firm TPG Capital through its affiliate Patriot Media Consulting.[3][4] Grande Communications is available to an estimated 1.1 million people, making it the 16th largest provider of cable broadband in the U.S. by coverage area.[5]
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Telecommunications |
| Headquarters | Princeton, New Jersey, U.S. |
Key people | Jim Holanda, CEO |
| Services | High-speed Internet access Digital television Digital telephone |
| Parent | Astound Broadband |
Acquisitions and mergers
editThis section needs to be updated. (November 2018) |
On May 22, 2017 RCN 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 to Stonepeak Infrastructure Partners for $8.1 billion, including debt.[9]
References
edit- ^ "Grande Communications Acquires Thrifty Call". Archived from the original on 2007-10-21.
{{cite web}}: CS1 maint: bot: original URL status unknown (link) - ^ "Grande Communications Overview and Coverage". broadbandnow.com. Retrieved 2015-06-01.
- ^ Dinges, Gary. "San Marcos-based Grande Communications sold in $2.5 billion deal". Austin American-Statesman. Archived from the original on 2020-08-01. Retrieved 2020-04-10.
- ^ "TPG completes acquisition of Grande Communications and RCN". www.spglobal.com. Retrieved 2020-04-10.
- ^ "Grande Communications - Internet Service Provider - BroadbandNow". Broadband Now. Retrieved 2017-07-31.
- ^ "RCN, Grande and Wave Broadband Join Forces". RCN. Archived from the original on 2017-06-03. Retrieved 2017-06-03.
- ^ enTouch Systems
- ^ "TPG Broadband Acquisitions Continue, Adds EnTouch Systems to RCN, Grande, and Wave Portfolio". Telecompetitor. Retrieved 2020-06-04.
- ^ "Private equity firm forks out $8.1B to buy Wave, RCN, enTouch and Grande". FierceTelecom. Retrieved 2020-11-02.
