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WaveDivision considers sale for $1bn
27 January 2012
US cable TV firm is exploring a $1bn sale that could attract bids from private-equity firms
WaveDivision Holdings is looking at a sale that could the value the cable TV provider at $1 billion. The US company is 70% controlled by New York-based Sandler Capital Management and it has selected Royal Bank of Canada and Waller Capital as advisors for the sale, which could attract bids from other private-equity companies, according to Bloomberg.
The company, which operates as Wave Broadband, provides video, internet and phone services on the west coast of the US, in western Washington state, in Oregon and in California in the Sacramento and San Francisco bay areas.
The expected $1 billion values the firm at approximately $3,077 a subscriber. Cable operators Comcast and Charter Communications are also seen as possible bidders. GTB
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