RCN Corporation: Difference between revisions
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'''RCN Corporation''', ({{nasdaq|RCNI}}), is the first and largest [[United States|American]] facilities-based competitive provider of bundled [[telephone]], [[cable television]] and high speed [[Internet service]] delivered over its own fiber-optic local network to consumers in the Boston, New York, Eastern Pennsylvania, Washington, D.C., Chicago, San Francisco and Los Angeles metropolitan markets. It began as a cable TV overbuilder, then purchased existing ISPs like [[Erol's Internet]], [[Interport]] and [[UltraNet]]. In [[Chicago]] it bought into the market by acquiring overbuilder [[21st Century Telecom]], high rise focused microwave providers [[Wedgewood]] and [[OnePoint |
'''RCN Corporation''', ({{nasdaq|RCNI}}), is the first and largest [[United States|American]] facilities-based competitive provider of bundled [[telephone]], [[cable television]] and high speed [[Internet service]] delivered over its own fiber-optic local network to consumers in the Boston, New York, Eastern Pennsylvania, Washington, D.C., Chicago, San Francisco and Los Angeles metropolitan markets. It began as a cable TV overbuilder, then purchased existing ISPs like [[Erol's Internet]], [[Interport]] and [[UltraNet]]. In [[Chicago]] it bought into the market by acquiring overbuilder [[21st Century Telecom]] (itself acquirer of local ISP [[EnterAct]]), and high rise focused microwave providers [[Wedgewood]] and [[OnePoint]].The name originally stood for Revolutionary Cable Network and the company used [[Soviet Union|Soviet]] themed marketing campaigns. Later they changed to Residential Cable Network. |
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Revision as of 20:39, 25 July 2006
| RCN | |
| Company type | Public |
|---|---|
| Industry | Telecommunications |
| Founded | 1997 |
| Headquarters | Herndon, VA |
Key people | Peter Aquino, President and CEO |
| Revenue | $565 Million |
Number of employees | 2,180 |
| Website | www.rcn.com |
RCN Corporation, (Nasdaq: RCNI), is the first and largest American facilities-based competitive provider of bundled telephone, cable television and high speed Internet service delivered over its own fiber-optic local network to consumers in the Boston, New York, Eastern Pennsylvania, Washington, D.C., Chicago, San Francisco and Los Angeles metropolitan markets. It began as a cable TV overbuilder, then purchased existing ISPs like Erol's Internet, Interport and UltraNet. In Chicago it bought into the market by acquiring overbuilder 21st Century Telecom (itself acquirer of local ISP EnterAct), and high rise focused microwave providers Wedgewood and OnePoint.The name originally stood for Revolutionary Cable Network and the company used Soviet themed marketing campaigns. Later they changed to Residential Cable Network.
In 2006, RCN claims 410,000 domestic customers and 130 cable licenses.
History
Acquisitions
On January 21, 1998, RCN paid $110.5M for UltraNet in Massachusetts and Erol's in Virginia, reported The Boston Globe on January 22, 1998.
RCN sold its 49% of the Mexican cable company Megacable on March 23, 2006 for $300M to pay down debt. On March 20, 2006 RCN bought Consolidated Edison Communications Holding Co., a subsidiary of Consolidated Edison for $32 million and $7 million in working capital.
External links
- Official website
- Broadband Reports RCN Forum Broadbandreports
- THE WALL STREET TRANSCRIPT CEO Interview: PETER AQUINO published 02/13/2006
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