Choice Cable changes hands again

3 Jan 2008

US-based equity house Spectrum Equity Investors has acquired Puerto Rican cableco Choice Cable TV, according to local news reports. TeleGeography’s GlobalComms database says that Choice Cable is the cable television provider for 31 towns along the island’s southern and western flanks, and also provides high speed cable modem internet access. It changed its name from Centennial Cable TV in July 2005, six months after Puerto Rico Cable Acquisitions (PRCA), the local subsidiary of US investment firm Hicks, Muse, Tate & Furst, purchased it for USD155 million from New Jersey-based Centennial Communications. Spectrum Equity Investors was founded in 1994, since when it has formed five investment funds representing USD4 billion of private equity capital. Its investments range across sectors including communications, media, software, entertainment and business services.

Puerto Rico, Choice Cable