Wave Broadband, a division of Astound Broadband, has announced that it has acquired Californian fibre operator Digital West. The latter company, which is based in San Luis Obispo, delivers fibre-optic connectivity and related services for thousands of business customers in California’s Central Coast region. The acquisition is effective immediately. Confirming the transaction, Wave Broadband noted: ‘Adding Digital West to Wave Broadband’s regional business operations and fast-growing West Coast fibre network gives Digital West access to an expanded base of business connectivity and communication services.’
TeleGeography notes that Astound Broadband comprises Wave Broadband, RCN Telecom Services, Grande Communications and enTouch Systems. Collectively, the four units operated by Astound represent the sixth largest cable operator in the US. In November last year New York-based private equity firm Stonepeak Infrastructure Partners entered into a definitive agreement to acquire Astound Broadband in a deal valued at USD8.1 billion. Stonepeak will acquire the company from TPG Capital and Patriot Media Management. The transaction is expected to close in the second quarter of 2021.