Stonepeak Buying 4 Cable ISPs from Astound Broadband in $8.1B Deal

Stonepeak Infrastructure Partners will pay $8.1 billion for Astound Broadband, the parent of regional cable ISPs RCN, Grande, Wave and enTouch, it said Sunday. Stonepeak said the purchase from TPG Capital is expected to close in Q2. It said it will partner with Patriot Media, the management company operating the Astound companies, and Patriot will continue in that role.