American telecommunications holding company based in Princeton, New Jersey
Astound Broadband
Former logo used in areas served by Wave Broadband (2018–2022)
Company type
Subsidiary
Industry
Telecommunications
Founded
January 24, 2018
Headquarters
Princeton, New Jersey
,
United States
Services
Broadband Internet access
Voice over IP
Cable television
Parent
Stonepeak Infrastructure Partners
Divisions
Digital West
enTouch Systems
Grande Communications
RCN Corporation
Wave Broadband
Website
astound.com
Astound Broadband is an American telecommunications holding company based in Princeton, New Jersey. It was formed on January 24, 2018, with the completion of the $2.36 billion purchase of Kirkland-based Wave Broadband by private-equity firm TPG Capital. TPG combined Wave with its existing combination of Princeton-based RCN Corporation and San Marcos-based Grande 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 of Houston-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 in San Francisco, from TPG for $3.6 billion along with $4.5 billion in debt through a leveraged buyout;[6][7][8] TPG had explored selling Astound due to the increased demand for Internet bandwidth during the COVID-19 pandemic.[9] Astound's expansion continued with its purchase of San Luis Obispo-based Digital West on January 26, 2021, also for an undisclosed sum.[10]
^Farrell, Mike (January 24, 2018). "TPG Completes Wave Broadband Deal". Multichannel News. Future Publishing. Retrieved February 18, 2021.
^Janjua, Urooj (February 2, 2017). "TPG completes acquisition of Grande Communications and RCN". S&P Global Market Intelligence. Retrieved February 18, 2021.
^Lerman, Rachel; Day, Matt (May 22, 2017). "Kirkland-based Wave Broadband to be sold for $2.4 billion". The Seattle Times. Retrieved February 18, 2021.
^Dinges, Gary (September 15, 2016). "San Marcos-based Grande Communications sold in $2.5 billion deal". Austin American-Statesman. Gannett. Retrieved February 18, 2021.
^Robuck, Mike (September 18, 2020). "RCN, Grande Communications and Wave Broadband close deal to buy Houston-based EnTouch Systems". FierceTelecom. Questex. Retrieved February 18, 2021.
^ abSilverman, Dwight (November 2, 2020). "Houston-based enTouch System's new owner has a new owner". Houston Chronicle. Hearst. Retrieved February 18, 2021.
^Gottfried, Miriam (November 1, 2020). "Stonepeak Infrastructure to Buy Cable Provider Astound Broadband". Wall Street Journal. Dow Jones & Company. Retrieved February 18, 2021.
^Osbourne, Charlie (November 2, 2020). "Stonepeak acquires Astound Broadband in $8.1 billion deal". ZDNet. Red Ventures. Retrieved November 2, 2020.
^Franklin, Joshua (August 31, 2020). "Exclusive: TPG explores $8 billion sale of U.S. cable operator Astound". Reuters. Retrieved February 18, 2021.
^Fountain, Matt (January 26, 2021). "SLO company Digital West sold to broadband provider. What does that mean for customers?". The Tribune (San Luis Obispo). McClatchy. Retrieved February 18, 2021.
AstoundBroadband is an American telecommunications holding company based in Princeton, New Jersey. It was formed on January 24, 2018, with the completion...
The AstoundBroadband Stadium is a 15,000-seat (18,000 capacity) stadium located in Midland, Texas. The stadium plays host to the American football and...
Stonepeak Infrastructure Partners announced that it would acquire AstoundBroadband, which operates Wave, from TPG for $3.6 billion in a leveraged buyout...
Ltd, formerly BITV Cable Networks, is an Indian cable television and broadband service provider based in Mumbai. It was the first company to provide...
rebranding their services to the consumer as "Astound", temporarily keeping a tagline, for example: "AstoundBroadband, powered by RCN". Sidera Networks RCN Corporation...
Atlantic Broadband, Posted Jan 4, 2018 , Fosters.com June 2021, Mike Farrell 30 (2021-06-30). "WOW to Sell Five Systems to Astound, Atlantic Broadband for...
Communications Service Electric Armstrong AstoundBroadband Grande Communications RCN Corporation Wave Broadband AT&T Alascom Blue Ridge Communications Blue...
Communications Service Electric Armstrong AstoundBroadband Grande Communications RCN Corporation Wave Broadband AT&T Alascom Blue Ridge Communications Blue...
Asianet Movies, and Asianet Middle East (including their HD feeds). Asianet Broadband, a division of Asianet Satellite Communications Pvt. Ltd. is an Internet...
operator group of RCN, Grande, Wave and enTouch, collectively known as AstoundBroadband, was sold by TPG Capital and Patriot Media Management to Stonepeak...
or Windstream, is a provider of voice and data network communications (broadband, VoIP, MPLS), and managed services (virtual servers, managed firewall...
TT-Netværket (TT-Network). Telia Broadband was relaunched in 2008 because of the need for TeliaSonera to offer both mobile and broadband in all of their home markets...
dedicated broadband Internet and hosted-managed services. With headquarters in Madison, TDS Telecom operates TDS Broadband LLC, and BendBroadband, and TDS...
restricting or banning individual cities from offering public broadband service. Municipal broadband restrictions of varying scope have been passed in a total...
concentration of customers in the Midwest and Southeast, and is the largest broadband provider in Iowa. Founded in 1995 by Rocco B. Commisso, the current owner...
systems in Chicago; Evansville, Indiana; and Anne Arundel, Maryland to AstoundBroadband for $661 million. On May 15, 2023, WOW! has announced that it would...
Serbia Broadband (branded as SBB; full legal name: Serbia Broadband - Srpske kablovske mreže d.o.o.) is a cable television and broadband internet service...
Buckeye Broadband (formerly known as the Buckeye CableSystem from August 1996 until May 2016, and as The CableSystem prior to August 1996) is a cable...
Communications Service Electric Armstrong AstoundBroadband Grande Communications RCN Corporation Wave Broadband AT&T Alascom Blue Ridge Communications Blue...
Alameda Power and Telecom AstoundBroadband AT&T Broadband MediaOne/Continental Cablevision Tele-Communications Inc. Baja Broadband US Cable Bresnan Communications...
Telewest (previously Telewest Broadband and Telewest Communications) was a cable internet, broadband internet, telephone supplier and cable television...
broadband connection. Arqiva’s Satellite Media Solutions Division suggests "IPTV works best in a hybrid format. For example, you would use broadband to...
streaming platform, Showmax, along with other third-party apps through broadband connection and/or Wi-Fi connection. DStv has their set-top boxes manufactured...
fiber-to-the-home to build a network capable of delivering 10 Gbit/s broadband speed. In August 2017, the company stated it was on track to reach one...