communications company . for the colombian broadcasting company see rcn tv . this article has multiple issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . march 2010 learn how and when to remove this template message a major contributor to this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . january 2016 learn how and when to remove this template message learn how and when to remove this template message rcn corporation entertainment redefined . type private industry telecommunications founded 1993 ; 23 years ago 1993 as residential communications network headquarters princeton new jersey u.s. key people jim holanda ceo services high speed internet digital television digital telephone revenue 636 million owner abry partners number of employees 1 315 1 website rcn.com rcn corporation originally residential communications network founded in 1993 and based in princeton new jersey is an american facilities based overbuild provider of bundled telephone cable television and internet service delivered over its own fiber optic local network as well as dialup and dsl internet service to consumers in the boston new york eastern pennsylvania washington d.c. and chicago areas . as of 2006 update rcn claimed over 424 000 domestic customers and 130 cable franchises . as of 2013 update rcn s network covered offered coverage to approximately 3.8 million people making it the 10th largest provider of cable broadband in the u.s. 2 rcn serves in or around the following locations allentown pennsylvania ; boston massachusetts ; chicago illinois limited coverage ; washington d.c. ; new york city new york ; and philadelphia pennsylvania . 3 contents 1 history 2 acquisitions and selloffs 3 references 4 external links history edit rcn residential communications network was originally created in 1993 by developer david mccourt and peter kiewit sons inc. kiewit also owned mfs a competitive access provider cap . in a series of moves rcn purchased c tec the parent of pennsylvania s commonwealth telephone while mfs spun off its small residential telephone operations to rcn . mfs was later purchased by worldcom . rcn c tec became a competitive local exchange carrier clec when the telecom act of 1996 passed . rcn then began its growth as a cable tv overbuilder constructing competitor cable systems in markets that already had cable service . most of its systems were partnerships with power companies which provided rights of way on poles . rcn featured triple play television internet telephone service though for some time its voice operations were largely resold incumbent telephone company lines . it purchased existing us east coast isps erol s internet ultranet communications interport and javanet . on the west coast it purchased existing isps dnai and brainstorm . in chicago it bought into the market by acquiring overbuilder 21st century telecom . in washington d.c. they formed a 50 50 joint venture with local power company pepco named starpower communications in 1999 ; they bought out pepco s stake in 2004 and rebranded starpower systems to the rcn name . citation needed in early february 2009 rcn converted to an all digital network . with the transition the company was able to use the entire spectrum for digital and high definition television broadcasting reducing the need to compress signals . abry partners a private equity firm acquired rcn corporation for 1.2 billion in 2010 . 4 5 acquisitions and selloffs edit in 1996 rcn bought much of c tec corporation . 6 on january 21 1998 rcn paid 110.5 m for ultranet in massachusetts and erol s in virginia . 7 on june 16 1998 rcn paid 11 million in stock and 871 000 in cash for interport communications inc. on july 27 1998 rcn paid 13.4 million in stock and 2.4 million in cash for javanet inc. on march 20 2006 rcn bought consolidated edison communications holding co. a subsidiary of consolidated edison for 32 million and 7 million in working capital . 8 on august 18 2006 rcn announced it was selling its san francisco operations representing 18 000 subscribers to astound broadband for 45 million . 9 on september 13 2006 bloomberg news citing two anonymous sources reported that rcn hired the blackstone group to examine the possibility of putting the company up for sale . 10 on august 15 2016 chicago tribune reported that tpg a texas based private equity firm has agreed to buy rcn telecom services for 1.6 billion giving it control of one of chicago s largest cable providers the company announced monday . in a separate transaction tpg is buying grande communications networks for 650 million combining the two regional companies into a top 10 cable player whose most valuable asset is likely its broadband network . 11 references edit employee information report rcn telecoms llc pdf . rcn telecom services llc . retrieved 6 april 2014 . rcn overview and coverage . broadband now . retrieved 2014 04 28 . where we service . rcn telecoms llc . retrieved 6 april 2014 . http www.abry.com home news 10 08 26 abry partners completes acquisition of rcn corporation.aspx archived march 23 2011 at the wayback machine . musgrove mike march 6 2010 . va. broadband provider rcn accepts boston equity firm s acquisition offer . the washington post . twin county parent will sell assets to rcn for 123 million c tec s moves will separate the company s main units in a try to boost its stock price . the boston globe january 22 1998 online stock trading investing day trading dead link agrees to sell san francisco assets for 45 million press release . rcn . august 18 2006 . retrieved 2010 04 06 . rcn might seek buyer . thestreet . september 13 2006 . retrieved 2010 04 06 . rcable provider rcn sold to texas private equity firm for 1.6 billion . august 15 2016 . retrieved 2016 08 20 . external links edit official website rcn forum at broadband reports independent discussion of rcn internet cable tv and phone services the wall street transcript ceo interview peter aquino published 02 13 2006 v t e cable satellite and other specialty television providers in the united states cable adams cable advanced cable communications allegiance communications altice usa suddenlink communications armstrong atlantic broadband blue ridge communications broadstripe buckeye broadband cable one charter spectrum time warner cable bright house networks comcast xfinity cox communications docomo pacific emery telcom fairpoint communications full channel gci hargray mediacom midco northland communications onelink communications satview broadband service electric srt communications tds tpg grande communications rcn corporation truvista communications wave broadband wow satellite at & t directv claro dish network glorystar headend in the sky home2us fiber iptv at & t u verse centurylink prism tv cincinnati bell fioptics claro consolidated communications frontier fios google fiber gta teleguam hawaiian telcom midco nep datastream tv nextv america stealth communications tds telecom verizon fios windstream kinetic over the top apple tv netflix amazon video hulu sling tv pluto tv playstation vue crackle seeso cbs all access hbo now showtime starzplay lifetime movie club curiositystream dramafever hotstar tubi tv feeln noggin roku sony liv yupptv univision now defunct cable tv adelphia communications corporation alameda power and telecom1 astound broadband at & t broadband mediaone continental cablevision tele communications inc. baja broadband bresnan communications champion broadband cobridge communications graceba total communications insight communications jones intercable king videocable knology marcus cable npg cable paragon cable rapid communications teleprompter group w cable ua columbia cablevision us cable windjammer communications 1 still in operation but no longer offers cable or internet as part of its services defunct satellite alphastar globecast world tv primestar united states satellite broadcasting voom hd networks defunct iptv sky angel virtual digital cable defunct terrestrial aereo usdtv moviebeam see also radio spectrum pollution v t e additional resources on north american television north america list of local television stations in north america dtv transition north american tv mini template canada canadian networks list of canadian television networks list of canadian television channels list of canadian specialty channels local canadian tv stations list of united states stations available in canada 2001 vancouver tv realignment 2007 canada broadcast tv realignment mexico mexican networks local mexican tv stations united states american networks list of american cable and satellite networks list of american over the air networks local american tv stations w local american tv stations k 1994 united states broadcast tv realignment 2006 united states broadcast tv realignment list of canadian television stations available in the united states insular areas tv africa asia and oceania americas europe retrieved from https en.wikipedia.org w index.php title rcn corporation & oldid 742467780 categories economy of the northeastern united statescable television companies of the united statesinternet service providers of the united statesbroadbandhidden categories articles with wayback machine linksall articles with dead external linksarticles with dead external links from april 2010articles needing additional references from march 2010all articles needing additional referenceswikipedia articles with possible conflicts of interest from january 2016use mdy dates from june 2013articles containing potentially dated 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