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Stonepeak acquire Astound Broadband from TPG for $8.1 Billion

3Nov By PriyankaNo Comments

ACQUISITION

Stonepeak acquire Astound Broadband from TPG for $8.1 Billion

PRINCETON, N.J., 3rd Nov 2020-- Stonepeak, a private equity firm specializing in infrastructure investing acquire Astound Broadband (Astound), the sixth-largest U.S. cable operator for $8.1 billion. Stonepeak will acquire the company from TPG Capital and Patriot Media Management. The transaction is expected to close in the second quarter of 2021 and is subject to customary closing conditions, including regulatory approvals. Stonepeak is partnering with Patriot Media, the industry-leading management team headed by Steve Simmons and Jim Holanda that currently manages Astound. The company is a premier broadband provider offering internet, entertainment, communications, connectivity, and fiber infrastructure solutions for residential customers and businesses of all sizes. Th...

Wireless tech startup Ray Raises funding from Quick Heal

May 22nd, 2020: Antivirus maker Quick Heal announced a strategic investment of $263k (INR 2 Crores) in Ray Pte. Ltd., a Singapore based start-up specializing in next-generation networking and wireless technology. The investment reinforces a shared vision of ensuring a safe, secure and seamless digital experience for everyone. The development displays Quick Heal’s ongoing efforts to invest in disruptive technologies that will shape the future of cybersecurity while supporting innovative startups. The company had recently invested USD 300,000 in Israel based L7 Defense. Incorporated in the year 2019, Ray is an innovation driven technology company with a vision to reimagine networking and wireless technology. Ray’s flagship product RayOS is an open, secure, cloud native, extensible Op...

Digital India Can Be a Major Driver of The India’s Growth – Arogyaswami Paulraj

Indian American inventor Arogyaswami Paulraj, known for his contribution to faster wireless connectivity popularly known as MIMO, the core technology used in all modern wireless networks, said digital India can be a major driver of the country's growth story if executed in the right manner. He also said that Make in India is "a good slogan" but "it is a long way from a good slogan to execution". "Digitisation of the country at every level will help and particularly with Adhaar, we can do a lot more. We really need to improve broadband access in India, which will be part of digital India campaign and the way to do it is through wireless and the way to wireless is largely through wi-fi as the access is cheaper," Arogyaswami Paulraj said. MIMO is a core technology used in all modern ...