RCN is meeting with possible buyers of its L.A. and San Francisco...
RCN is meeting with possible buyers of its L.A. and San Francisco systems, said Richard Ramlall, senior vp-strategic & external affairs. It may jettison assets to focus on what Ramlall called RCN’s “core” Northeast “corridor” of systems. The company…
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said Wed. it agreed to sell a stake in Mexico’s Megacable for $300 million cash, after taxes. That deal may improve RCN’s credit rating, Ramlall told us Thurs. The firm will raise $200 million by selling its West Coast and Chicago operations within 18 months, Oppenheimer & Co. analyst Ian Zaffino told us. But Ramrall said there are “no immediate plans” for Chicago.