RCN/Grande Close on Wave Broadband Deal

TPG Capital's RCN/Grande closed on its buy of Wave Broadband, it said Thursday. The parties said Wave will continue to operate under the Wave brand and keep its Kirkland, Washington, headquarters. RCN/Grande CEO Jim Holanda said the addition helps create a national-scale cable ISP "with significant growth potential." RCN/Grande said the deal gives it a broader footprint in seven of the top 10 designated market areas and nearly 950,000 customers. The $2.37 billion deal was announced last year (see 1705220058).