Atlantic Broadband, the ninth largest cable operator in the U.S., announced last week that it has closed its acquisition deal with MetroCast.
At this time, Atlantic Broadband will continue to operate Virginia market cable systems under the MetroCast name. Atlantic Broadband will roll out a suite of products and services in the spring, and customers can expect to see new capabilities such as TiVo service with Netflix access and increased internet speeds, a release stated.
With this acquisition, Atlantic Broadband now offers services in 11 states that span from Maine to Florida. The combined company will serve more than 800,000 homes and employ more than 1,200 people on the East Coast.
Atlantic Broadband is a subsidiary of Cogeco Communications, Inc. Atlantic Broadband raised $1.85 billion of secured debt as well as $315 million of equity through an investment by Caisse de dépôt et placement du Québec for a 21 percent interest in Atlantic Broadband’s ho...
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