AfterDawn: Tech news

Cablevision to purchase Bresnan for $1.36 billion

Written by Andre Yoskowitz (Google+) @ 13 Jun 2010 18:50

Cablevision to purchase Bresnan for $1.36 billion Cablevision, the fifth biggest cable operator in the U.S., has announced today the acquisition of Bresnan Communications for $1.36 billion USD.
The ISP had to beat out bids from TPG Capital, BC Partners Ltd., Suddenlink Communications and Ascent Media Corp., say sources close to the negotiations.

The acquisition gives Cablevision a bigger piece of the broadband market, which is expected to continue to grow exponentially over the next few years.

Bresnan is a large force in the Midwest, with roots in Minnesota and now the Rocky Mountain states.

The ISP has little competition in its territories, and should be an inexpensive way for Cablevision to expand out from their bread-and-butter states of New York and New Jersey.

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