TPG Capital Backs RCNandrsquo;s Acquisition of Wave Broadband for $2.365 Billion

KIRKLAND, Wash. and FORT WORTH, Texas andTPG Capital, the global private equity platform of alternative assetfirm TPG, announced today that it is backing RCN Telecom Services, LLC(RCN), a nationwide broadband service provider controlled by TPG, tocombine with Wave Broadband (Wave) for $2.365 billion. Currently ownedby Oak Hill Capital Partners, Wave management, and GI Partners, Wave isa regional broadband fiber company offering a full suite of high-speeddata, video, and voice services to residen