RCN Corporation Mergers and Acquisitions


RCN Corporation

196 Van Buren Street
STE 300
Herndon, VA 20170
United States
Tel:1/703 434-8200
URL: http://www.rcn.com
Primary Symbol & Exchange:
RCNI - Common Stock - NASDAQ
Industry:
Telecom Services
RCN Corporation Company Snapshot

RCN Corporation Deal Timeline


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Acquisitions > 100 M$ 10 to 100 M$ < 10M$ Stakes Divestitures

RCN Corporation M&A History


RCN Corp acquires Neon Communications Group Inc RCN Corp acquires Neon Communications Group IncNov 13, 2007

US - RCN Corp acquired all the outstanding common stock of Neon Communications Group Inc (NC), a provider of Internet infrastructure and network services, for $#.## in cash per share, or a total value of $###.### mil. The transaction

Astound Broadband LLC acquires RCN Corp-San Francisco Assets from RCN Corp Astound Broadband LLC acquires RCN Corp-San Francisco Assets from RCN CorpMar 13, 2007

US - Astound LLC, a unit of Wave Broadband LLC, acquired the San Francisco assets of RCN Corp, a provider of cable television services and an Internet Service Provider, for $## mil in cash. The transaction had been subject to the

Seeking Buyer is rumored to be planning to acquire RCN Corp Seeking Buyer is rumored to be planning to acquire  RCN CorpSep 13, 2006

US - In September ####, RCN Corp, a provider of cable television services and an Internet Service Provider {ISP}, was rumored to be seeking a buyer for the company.

RCN Corp acquires Consolidated Edison Commun Hld from Consolidated Edison Inc RCN Corp acquires Consolidated Edison Commun Hld from Consolidated Edison IncMar 20, 2006

US - RCN Corp acquire all the outstanding stock of Consolidated Edison Communications Holding Co Inc, a provider of network communication services, from Consolidated Edison Inc, for an estimated $## mil in cash. The transaction was subject to regulatory approval.

RCN Corp acquires Starpower Communications from RCN Corp RCN Corp acquires Starpower Communications from RCN CorpDec 22, 2004

US - RCN Corp (RC) acquired the remaining ##% interest which it did not already own in Starpower Communications LLC (SC), a provider of telecommunication services, from Pepco Communication LLC (PC), a unit of Pepco Holdings Inc's Potomac Electric Power

Creditors acquires RCN Corp Creditors acquires RCN CorpDec 21, 2004

US - RCN Corp (RC), a provider of telecommunications services, completed its debt restructuring with creditors (CR) in a transaction valued at $###.### mil. CR received ##.### mil new RC common shares valued at $###.### mil. The shares

RCN Corp acquires remaining interest in RCN Telecom Svcs of Washington from Pepco Holdings Inc (pending) RCN Corp acquires remaining interest in RCN Telecom Svcs of Washington from Pepco Holdings Inc (pending)Oct 19, 2004

US - RCN Corp planned to acquire the remaining ##% interest, which it did not already own, in RCN Telecom Services of Washington DC Inc, a provider of telecommunications services, from Pepco Communications LLC, for $## mil.

Susquehanna Communications Inc acquires RCN Corp-Cable TV Unit,NY from RCN Corp Susquehanna Communications Inc acquires RCN Corp-Cable TV Unit,NY from RCN CorpMar 09, 2004

US - Susquehanna Communications, a unit of Susquehanna Pfaltzgraff Co's Susquehanna Media Co subsidiary, acquired the cable TV unit, located in Carmel, New York, of RCN Corp (RCN), a provider of telecommunications services, for $### mil in cash. The transaction

Investor Group acquires RCN Corp-Central New Jersey from RCN Corp Investor Group acquires RCN Corp-Central New Jersey from RCN CorpFeb 19, 2003

US - An investor group, including Spectrum Equity Investors LP and Steve Simmons, acquired the central New Jersey cable systems of RCN Corp, a provider of telecommunications services, for $### mil.

Broadview Networks Holdngs Inc acquires RCN Corp-Certain Off-Net Bus from RCN Corp Broadview Networks Holdngs Inc acquires RCN Corp-Certain Off-Net Bus from RCN CorpJan 12, 2002

US - Broadview Networks Holding Inc acquired certain off-net business customer base assets of RCN Corp, a provider of telecommunications services. Terms were not disclosed.

Red Basin LLC acquires a minority stake in RCN Corp (pending) Red Basin LLC acquires a minority stake in RCN Corp (pending)May 29, 2001

US - Red Basin LLC agreed to acquire an ##.##% stake, or ##.## mil common shares, in RCN Corp, a provider of data and voice communications services, for an estimated $## mil, in a privately negotiated transaction.

RCN Corp acquires One Point-Private Cable TV from One Point Communications RCN Corp acquires One Point-Private Cable TV from One Point CommunicationsSep 12, 2000

US - RCN Corp acquired a private cable television operation located in Chicago, Illinois from One Point Communications-Illinois LLC, for an estimated $#.### mil.

RCN Corp acquires 21st Century Telecom Group Inc RCN Corp acquires 21st Century Telecom Group IncApr 28, 2000

US - RCN Corp acquired ##st Century Telecom Group Inc (CT), a communications provider, for an estimated $### mil. The consideration was to consist of an estimated $### mil in RC common stock and the assumption of $### mil in liabilities

Vulcan Ventures Inc acquires a minority stake in RCN Corp Vulcan Ventures Inc acquires a minority stake in RCN CorpFeb 28, 2000

Vulcan Ventures Inc raised its stake to ##.#% from #.#%, on a fully diluted basis, in RCN Corp by acquiring preferred shares, convertible into ##.# mil common shares at a price of $## per share, for $#

RCN Corp acquires Brainstorm Networks Inc RCN Corp acquires Brainstorm Networks IncJul 28, 1999

RCN Corp acquired Brainstorm Networks Inc for an estimated $## mil.

JuniorNet Corp acquires Lancit Media Entertainment Ltd from RCN Corp JuniorNet Corp acquires Lancit Media Entertainment Ltd from RCN CorpApr 28, 1999

JuniorNet Corp (JNC) acquired Lancit Media Entertainment Ltd, a majority-owned unit of RCN Corp (RCN) for $## mil in cash. Concurrently, RCN acquired a ##.#% stake in JNC for $##.# mil in cash.

RCN Corp acquires a minority stake in JuniorNet Corp RCN Corp acquires a minority stake in JuniorNet CorpApr 28, 1999

RCN Corp (RCN) acquired a ##.#% stake in JuniorNet Corp (JNC) for $##.# mil in cash. Concurrently, JNC acquired Lancit Media Entertainment Ltd, a unit of RCN, for $## mil in cash.

Hicks Muse Tate & Furst IV acquires a minority stake in RCN Corp Hicks Muse Tate & Furst IV acquires a minority stake in RCN CorpMar 18, 1999

Hicks Muse Tate & Furst Equity Fund IV LP, a unit of Hicks Muse Tate & Furst Inc, acquired a #.##% stake, or preferred shares convertible into #.### mil common shares, in RCN Corp for $### mil, in a privately

RCN Corp acquires NEES Communications-Fiber Link from New England Electric System RCN Corp acquires NEES Communications-Fiber Link from New England Electric SystemFeb 01, 1999

RCN Corp acquired the high capacity fiber link of NEES Communications Inc, a unit of New England Electric System.

RCN Corp acquires Level 3 Commun Inc-Internet from Level 3 Communications Inc (pending) RCN Corp acquires Level 3 Commun Inc-Internet from Level 3 Communications Inc (pending)Jan 13, 1999

RCN Corp agreed to acquire a cross-country fiber Internet backbone from Level # Communications Inc. Terms were not disclosed.

RCN Corporation M&A Summary


RCN Corporation has made 13 acquisitions while taking stakes in 2 companies. RCN Corporation has 9 divestitures during this period.
YearAcquisitionsStakesDivestitures
2008000
2007101
2006100
2005000
2004103
2003001
2002001
2001000
2000201
1999212
1998500
1997100
1996010
Total1329

Other Recent M&A in the Telecom Services industry

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