Company Profile
Company Overview
RCN is a competitive digital entertainment provider that is committed to bringing customers the best digital cable TV, high-speed Internet and phone bundles to homes in and around Boston, Chicago, New York City, the Lehigh Valley, Philadelphia and Washington, D.C. over a reliable network of fiber-optic cables.
Company History
RCN was founded in 1996 and began offering triple play service in Boston. The company expanded tremendously in 1998 through the acquisition of a number of Internet and cable companies.
Then, beginning in 2005, management focused on RCN’s strategic Northeast Corridor and Chicago markets, selling non-core assets including its 49% stake in Megacable, the largest cable company in Mexico, as well as its West Coast assets.
With close to a decade of experience providing cable TV, Internet and phone service using fiber optics already under its belt, RCN again grew significantly in 2006. First, the company acquired Con Edison Communications (CEC), a subsidiary of Consolidated Edison, Inc., with its own fiber-optic network in New York City. The combination of CEC with RCN’s existing business services capability created the subsidiary RCN Business Solutions. Second, RCN completed a substantial network upgrade, including conversion to a 100% digital network.
RCN entered a new phase in 2008. Equipped with two business units, RCN residential and Business Services and RCN Metro Optical Networks, serving three customer segments, the company continued to win customers in its markets. By 2009, RCN completed its movement to an all-digital video platform, enabling an increase in high-definition availability and improving picture quality to cable TV customers. In addition, the company offers the fastest high-speed Internet available with cable modem speeds that challenge industry standards.
ABRY Partners, LLC acquired RCN Corporation in August 2010. This transaction separated RCN residential and Business Services from RCN Metro, allowing each company to build upon their strengths. Although operating independently, the businesses will continue to maintain strong relationships.