Astound Broadband Powered by Wave Acquires FastMesh Internet

Stonepeak and Alphabet to Combine GFiber and Astound Broadband

March 13, 2026

Infrastructure

GFiber and Stonepeak announced an agreement to combine GFiber with Astound Broadband, creating a new independent U.S. fiber internet provider. The new entity will be majority owned by Stonepeak, with Alphabet retaining a significant minority stake, and the deal is expected to close in the fourth quarter following regulatory approvals.

EarthLink Acquires BroadAspect's Fiber-Optic and Fixed Wireless Network

April 2, 2024

Telecommunications

EarthLink has acquired the fiber-optic and fixed wireless network assets of BroadAspect, boosting EarthLink Business's East Coast network footprint and service offerings. BroadAspect will continue to operate as a managed IT and cybersecurity firm while EarthLink assumes control of the network and related clientele.

Bain Capital Credit Acquires Majority Stake in Surf Broadband Solutions

June 15, 2021

Telecommunications

Bain Capital Credit will acquire a majority stake in Surf Broadband Solutions and commit significant growth capital to accelerate the company’s fiber-to-the-premises (FTTP) network expansion across the Great Lakes region. Post Road Group will remain an investor alongside Bain; the company will continue to be led by its current management team and the deal is expected to close in Q3 2021 subject to customary approvals.

Wave Broadband / Astound Broadband Acquires Digital West

February 11, 2021

Telecommunications

Wave Broadband, a division of Astound Broadband, has acquired Digital West Holdings, Inc., a San Luis Obispo-based provider of fiber optic connectivity, colocation, cloud and telephony services for business customers on California's Central Coast. Digital West's leadership will remain in place as the business operates within Wave Business Solutions to expand service offerings and accelerate network growth in the region.

Stonepeak Acquires Astound Broadband from TPG for $8.1 Billion

November 1, 2020

Telecommunications

Stonepeak Infrastructure Partners agreed to acquire Astound Broadband (RCN, Grande, Wave, enTouch) from TPG Capital and Patriot Media Management for $8.1 billion. Stonepeak will partner with the Astound management team (Patriot Media) to invest in network expansion and technology upgrades; the deal was expected to close in Q2 2021 subject to customary approvals.

GI Partners to Acquire Vast Broadband

October 19, 2020

Telecommunications

Vast Broadband, a gigabit-speed broadband, video, and voice provider in South Dakota and Minnesota, signed an agreement to be acquired by GI Partners in partnership with industry veteran Rich Fish. The deal is expected to close after customary conditions, including regulatory approvals.