The private equity firm has purchased the US cable giant from TPG.
Stonepeak has announced the acquisition of Astound Broadband from TPG and Patriot Media Management. The deal was made public on Monday. Under the terms of the agreement, Stonepeak Infrastructure Partners will pay $8.1 billion to TPG, including debt. TPG is a global assets company that manages roughly $83 billion in assets including public and private equity, real estate, and impact investment projects. See also: The Starlink internet beta has begun: Here’s what to expect Astound is the sixth-largest cable operator in the US. The company operates RCN, Grande, Wave, and enTouch and serves over a million US customers, accounting for over 23,000 miles of fiber across areas including New York, Texas, and Chicago.
