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Exclusive - Private equity firm TPG near deal for cable operator Wave: sources


By Liana B. Baker and Greg Roumeliotis(Reuters) - Private equity (PE) firm TPG Global LLC is nearing a deal to buy regional broadband operator WaveDivision Holdings LLC for more than $2 billion (1.54 billion pounds), including debt, people familiar with the matter said on Wednesday.The deal would combine Wave with RCN Telecom Services LLC and Grande Communications Networks, the broadband providers that TPG already owns, the sources said. The merged company would be the sixth largest U.S. cable operator, at a time when demand for high-speed internet service is growing rapidly. A deal could be ...

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First Published: Wed, May 17 2017. 23:58 IST