WOW, Wave Buy Broadstripe Customers
Washington, Oregon, and Michigan Assets Divvied Up
Roughly two and a half years after filing for Chapter 11
and insisting they'd emerge as a "stronger, more competitive company with the resources to continue to provide our customers with best-in-class products and services," Broadstripe has been chopped up and sold. The company (see our user reviews
) has been divvied up between WideOpenWest and Wave Broadband. According to Multichannel News
, Wave has agreed to pay $32 million for Broadstripe's networks in Washington and Oregon, which service 60,000 connected customers and pass 103,000 customers. WOW will be paying roughly $55 million for Broadstripe assets in Michigan with about 48,000 current customers and 92,000 homes passed. The remainder of Broadstripe's assets are in Maryland, and are being acquired for $8 million by a newly-formed company named Ann Arundel Broadband (in part run by former Broadstripe executives).