CountryWide Broadband Group (CWBG), a St. Louis-based broadband acquisition and management firm, has continued its expansion by acquiring Full Channel Cable of Rhode Island, and by expanding its all-fiber, i3 Broadband network in the greater Peoria and Champaign-Urbana, Illinois markets by more than 25 percent so far this year, the company said.
Seaport Capital of New York (Seaport) is CWBG´s equity partner in the acquisition and expansion.
For the latest broadband property in its portfolio, CWBG has acquired Full Channel, a provider of broadband video entertainment, high-speed Internet access, and telephone services to residents and businesses in Rhode Island´s East Bay area, south of Providence.
CountryWide Broadband Group, headquartered in St. Louis, Missouri, is a broadband acquisition and management firm headed by a management team with broad expertise in the fiber-optic, cable and telephone industries. The CWBG executive team has almost 100 years´ experience in telecommunications, having served as senior executives for Charter Communications, Williams Communications, Fidelity Communications and Global TeleSystems of London, England.
Seaport Capital is a New York City-based private equity firm that invests in recurring revenue companies operating in the communications, information and business services sectors. Current Seaport portfolio companies in the cable industry include i3 Broadband, a “triple-play” fiber-optic service provider in Central Illinois; and previous Seaport cable investments include Everest Communications, Marianas Cablevision, Otelco and Metrocast Cablevision.