Stonepeak Infrastructure to Buy Cable Provider Astound Broadband
Stonepeak Infrastructure Partners said it is buying Astound Broadband, the sixth-largest US cable-TV provider, for $3.6 billion, in one of the biggest leveraged buyouts of 2020. Astound, owned by private-equity firm TPG and cable-management company Patriot Media Management, is the operator of RCN Telecom Services LLC, Grande Communications, Wave Broadband, and enTouch Systems.