CountryWide Broadband to acquire broadband provider

CountryWide Broadband (CWB), a broadband acquisition and management firm, has announced that, along with Seaport Capital of New York, the company has agreed to acquire 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, including the communities of Barrington, Warren and Bristol, the company said.

Full Channel will continue to operate under the “Full Channel” name moving forward.

Over the past 35 years, Full Channel has evolved from an analog cable TV provider to become the operator of a high-speed, fiber-rich digital communications network. This network has been expanded and upgraded to provide high-bandwidth Internet speeds, secure connectivity over a fiber-optic network, advanced streaming video entertainment and digital telephone services for homes and businesses.

Full Channel operates a fiber-rich network, currently offering up to 320 Mbps Internet access. Once it has acquired Full Channel, CWB intends to increase its Internet access speeds to provide initially up to 1 Gbps Internet access.

CWB plans for current Full Channel employees to remain in their positions, and will add local positions as the company grows.

An innovative provider with a 35-year history in the communications industry, Full Channel services for broadband Internet, TV and phone services are available to approximately 50,000 residents in the Rhode Island towns of Barrington, Warren and Bristol. Founded by the late New England broadcast executive John Donofrio, Full Channel is well known for both its innovative technology and its deep community roots. The company has received numerous local and national accolades for its ongoing community commitment and sustainable energy practices — including GreenLink, its one-of-a-kind, wind-powered communications platform.

CountryWide Broadband, Inc. (CWB) is a broadband acquisition and management firm headed by a management team with broad expertise in the fiber-optic, cable and telephone industries. The CWB executive team has almost 100 years of 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.