NTELOS Buys FiberNet, Expands Regional Fiber Network
Posted by Jesse Ward on Wednesday, July 21, 2010 · 
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NTELOS, an independent telco based in Waynesboro, Va., announced yesterday that it will acquire One Communications’ FiberNet business for about $170 million.
NTELOS is committed to building a regional fiber network. Last fall the telco made a deal with Allegheny Energy to acquire 2,200 miles of fiber in Pennsylvania, West Virginia and parts of Maryland, Kentucky and Ohio. Fast forward 10 months and through this new transaction with FiberNet, NTELOS is inheriting a 3,500-mile fiber optic network that covers all of West Virginia and surrounding areas in Ohio, Maryland, Pennsylvania, Virginia and Kentucky. Once this transaction is completed, NTELOS’ network will contain nearly 8,000 miles of glass. Read more
Wall St Journal: Hargray Communications for Sale
Posted by Jesse Ward on Thursday, July 8, 2010 · ·
According to an article published today in the Wall Street Journal, Hargray Communications is up for sale in an auction that could fetch roughly $400 million.
Hargray services approximately 30,000 rural subscribers in southeastern South Carolina and Northeastern Georgia, and is currently owned by buyout firm Quadrangle Group LLC. Read more
Cablevision Buys Bresnan, Expands Operations
Posted by Jesse Ward on Monday, June 14, 2010 · ·
Cablevision Systems Corp. has signed a deal to acquire Bresnan Communications, which is majority owned by Providence Equity Partners, in a transaction valued at $1.365 billion. Bresnan, the nation’s thirteenth largest cable provider, owns systems in Colorado, Montana, Wyoming and Utah that pass more than 630,000 homes and serve more than 300,000 subscribers. Bresnan operates an upgraded fiber-optic coaxial network and offers digital television, high-speed Internet and voice. Read more
Speakeasy, Megapath and Covad to Merge
Posted by Jesse Ward on Friday, June 11, 2010 · ·
Speakeasy has entered into an agreement to combine its business with Covad Communications Co. and MegaPath Inc.—companies that are in the midst of merging themselves. The new entity is being billed as a “next-generation CLEC” which will focus largely on managed IP broadband services for businesses.
The transaction is expected to close in the third quarter of 2010, contingent upon closing of the previously announced merger between MegaPath and Covad. Financial terms will not be disclosed. Read more
Verizon to Handover Wireline Assets to Frontier July 1
Posted by Jesse Ward on Tuesday, June 1, 2010 · ·
Verizon Communications announced last week that it will officially handover its wireline assets in 13 states plus parts of California to Frontier on July 1.
The company said the record date for the planned spin-off of New Communications Holdings Inc., a subsidiary formed as part of the transaction, will be June 7. Read more
Mediacom Going Private?
Posted by Steve Fravel on Tuesday, June 1, 2010 · ·
Mediacom Communications announced today that it has received a non-binding proposal that would result in the company going private.
Rocco Commisso, founder of Mediacom Communications and Chairman and CEO of the firm, is the author of the proposal. No changes in management or day-to-day operations are contemplated. Commisso would pay $6 per share in cash to acquire all Class A and Class B stock. Commisso currently owns 40% of the Mediacom common stock, reflecting an 87% voting majority. Read more
FCC Approves Verizon Wireline Assets Sale to Frontier Communications
Posted by Dave Lowe on Monday, May 24, 2010 · ·
In a not so surprising move, the FCC has approved the sale of Verizon’s wireline assets in fourteen states to Frontier Communications Corp. today. This acquisition has been discussed in the trade press for some time due to review and approval processes by the Federal Trade Commission (FTC), the Department of Justice (DOJ) and concerned individual state regulatory agencies. However, final approval rested with the FCC, which has deemed the sale to be worthwhile.
Residential and small-business access lines in Arizona, California, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, Wisconsin and West Virginia will be affected by the sale.
