Stonepeak to acquire TPG Capital's cable unit for $8.1B
November 3, 2020
Stonepeak has agreed to buy Astound Broadband, a US cable operator of regional providers RCN, Grande, Wave and EnTouch, for $8.1 billion from TPG Capital. Astound serves over 1 million broadband and cable customers. The deal is expected to close next year. TPG acquired RCN and Grande in 2016 for $2.25 billion and picked up Wave Broadband a year later for $2.37 billion.