RCN Telecom Services, LLC
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RCN Telecom Services, LLC - overview
Established
1993
Location
Princeton, NJ, US
Primary Industry
Telecoms
About
RCN Telecom Services, LLC is a US-based telecommunications provider that offers high-speed internet, mobile services, and digital television to enhance customer connectivity and entertainment experiences. RCN Telecom Services, LLC specializes in delivering internet, mobile, and TV services. Founded in 1993 in Princeton, US, it has undergone significant changes, including a merger involving Grande Communications Networks, LLC and WaveDivision Holdings, LLC. The latest funding round was a Secondary Buyout led by TPG, raising USD 1,600 mn.
The company has raised a total of USD 1,600 mn across 5 deals. The current CEO is Jim Holanda, with Shailesh M also serving in a leadership role. RCN Telecom Services provides a wide array of internet, mobile, TV, and streaming solutions tailored for residential and business customers. Their offerings include high-speed internet plans starting at USD 35 per month, mobile services, and live television through partnerships with DIRECTV.
The company’s internet services feature various tiers, including Gig WiFi and Whole Home WiFi using WiFi 7 technology, catering to urban markets such as Boston, Chicago, New York, and Philadelphia, along with areas in California, Texas, and Washington. In the most recent year, RCN Telecom Services reported a revenue of USD 736. 70 mn and an EBITDA of USD 208. 60 mn.
Their revenue model focuses on subscription services for internet and mobile, with various bundles and promotional offers that incentivize customer engagement, such as discounts on bundled services. RCN Telecom Services is set to expand its footprint by further enhancing its product offerings and entering new markets. The recent merger with Grande Communications Networks, LLC and other entities under TPG is aimed at strengthening its market position. The funding from the latest Secondary Buyout will also support the development of new services and technological advancements, aligning with RCN’s strategy to enhance connectivity and cater to urban areas with growing demand.
Current Investors
Astound Broadband
Primary Industry
Telecoms
Sub Industries
Telecoms Providers & Services, Internet Service Providers, Cable Service Providers
Website
www.rcn.com
Company Stage
Buyout
Total Amount Raised
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RCN Telecom Services, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Digital West, Inc. | - | ||||||||
| Add-on | Completed | EnTouch Systems, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | WaveDivision Holdings, LLC | - | ||||||||
| Secondary Buyout | Completed | RCN Telecom Services, LLC | - | ||||||||
| Secondary Buyout | Completed | RCN Telecom Services, LLC | - |
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