Wave Broadband

{{Short description|American telecommunications provider}}

{{Use mdy dates|date=February 2021}}

{{primary sources|date=December 2017}}

{{Infobox company

| name = WaveDivision Holdings, LLC

| trade_name = Wave Broadband

| type = Subsidiary

| industry = Telecommunications

| founded = 2003

| founder = Steve Weed

| area_served = Washington, Oregon, and California

| parent = Astound Broadband

| logo = Wave_Broadband's_Logo.svg

| logo_size = 300x450px

| alt = Wave's logo, 2014-present.

| key_people = James Holanda, CEO

| location_country = Bothell, Washington, U.S.

| homepage = {{url|http://wavebroadband.com/}}

| services = Residential, business, and enterprise class fiber-optic, Internet access, VoIP, and cable television

| module = {{infobox network service provider|child=yes|asn=11404}}

}}

WaveDivision Holdings, LLC, doing business as Wave Broadband, is an American provider of residential, business, and enterprise class cable TV, broadband Internet, and telephone services to around 455,000 customers in Washington, Oregon, and California.{{cite web|title=About Wave|url=http://residential.wavebroadband.com/about/|website=Wave Broadband|publisher=WaveDivision Holdings LLC|access-date=April 5, 2017}} Wave provides services via their own fiber-optic network and has approximately 1,300+ employees.

The company was founded by its former CEO, Steve Weed, in 2003, by purchasing cable systems owned by Northland Communications, Cedar Communications, and Charter Communications in Washington and Oregon.{{cite news |last1=Chew |first1=Jeff |title=Port Angeles-Sequim: Kirkland-based Wave buys Northland Cable TV |url=https://www.peninsuladailynews.com/news/port-angeles-sequim-kirkland-based-wave-buys-northland-cable-tv/ |access-date=February 17, 2021 |work=Peninsula Daily News |publisher=Sound Publishing |date=July 11, 2003}}{{cite news |last1=Smith |first1=Angela |title=Wave takes over former Charter services |url=https://products.kitsapsun.com/archive/2004/02-23/408447_wave_takes_over_former_charter_.html |access-date=February 17, 2021 |work=Kitsap Sun |publisher=Gannett |date=February 23, 2004}}{{cite news |last1=Trask |first1=Amy |title=Charter abandons area cable business |url=https://products.kitsapsun.com/archive/2003/06-07/168865_charter_abandons_area_cable_bus.html |access-date=February 17, 2021 |work=Kitsap Sun |publisher=Gannett |date=June 7, 2003}}[http://www.kitsapsun.com/kpbj/charter-cable-selling-port-orchard-system-for-reported-91-million_82682340 "Charter Cable selling Port Orchard system for reported $91 million"] It was expanded by acquiring other, some distressed, cable, telecommunications, and broadband companies.[http://www.wavebroadband.com/wave-acquires-cpi-extending-waves-broadband-fiber-network-renews-cpi-pact-with-city-of-port-angeles "Wave Acquires CPI, Extending Wave’s Broadband Fiber Network"][http://www.wowway.com/all-about-wow/news-awards/2011/2012/04/23/wave-broadband-and-wow!-internet-cable-and-phone-to-acquire-broadstripe "Wave Broadband and WOW! Internet, Cable, and Phone to Acquire Broadstripe"][http://www.wavebroadband.com/wave-acquires-spectrum-networks-and-condointernet-accelerating-expansion-of-broadband-service-offerings-in-seattle-and-on-west-coast "Wave Acquires Spectrum Networks and CondoInternet"][http://www.wavebroadband.com/black-rock-cable-to-merge-with-wave-broadband "Black Rock Cable to Merge with Wave Broadband]

On May 22, 2017, it was announced that Wave was to be acquired by TPG Capital for $2.36 billion.[http://residential.wavebroadband.com/wave-acquisition/ "Wave Broadband and RCN Combine to Form one of the Largest Independent Internet and Cable Operators in the Country"][https://www.geekwire.com/2017/wave-broadband-acquired-2-36b-tpg-capital-form-combined-telecom-giant-new-jerseys-rcn/ "Wave Broadband acquired for $2.36B by TPG Capital"] Wave Broadband was combined with RCN Grande, two other cable/internet companies controlled by TPG Capital. RCN provides services along the East Coast and in Chicago similar to those of Wave; Grande operates throughout Texas. Wave is expected to continue to operate under its own brand after the merger is complete. The acquisition of Wave by TPG was completed on January 24, 2018.{{Cite web|url=http://www.multichannel.com/news/cable-operators/tpg-completes-wave-broadband-deal/417704|title=TPG Completes Wave Broadband Deal |publisher=Multichannel |language=en|access-date=January 24, 2018}} In November 2020, Stonepeak Infrastructure Partners announced that it would acquire Astound Broadband, which operates Wave, from TPG for $3.6 billion in a leveraged buyout that included an additional $4.5 billion of debt.{{cite news |last1=Gottfried |first1=Miriam |title=Stonepeak Infrastructure to Buy Cable Provider Astound Broadband |url=https://www.wsj.com/articles/stonepeak-infrastructure-to-buy-cable-provider-astound-broadband-11604266329 |access-date=February 17, 2021 |work=The Wall Street Journal |publisher=Dow Jones & Company |date=November 1, 2020}}{{cite web|title=Stonepeak acquires Astound Broadband in $8.1 billion deal|url=https://www.zdnet.com/home-and-office/networking/stonepeak-acquires-astound-broadband-in-8-1-billion-deal/|website=ZDNet|first=Charlie|last=Osbourne|date=November 2, 2020|access-date=November 2, 2020}}