Tuesday, September 12, 2006

RCN Considering Putting Itself Up For Sale

Dana Cimilluca and Brett Cole write for Bloomberg News:

RCN Corp., a U.S. provider of cable- television, Internet and phone services in cities including New York and Boston, may put itself up for sale, two people with knowledge of the plans said.

The company hired Blackstone Group LP to help it evaluate options, said the people, who asked to remain anonymous since the review hasn't been made public. Possible bidders for RCN, which has a market value of $965 million, include private-equity firms and communications companies, they said.

More here.


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