Media Industry
Industry: Email Alert RSS FeedLiberty Cable gets full-service boost.(acquired by RCN Corp. to construct a telecommunications network)(Brief Article)
Broadcasting & Cable, April, 1996 by McConville, Jim
New York wireless company is bought by RCN Corp., which says it will make it centerpiece of video, telephone, Internet network
New York-based wireless cable company Liberty Cable will serve as the flagship for Mid-western construction company Peter Kiewit & Sons' plans to build a national full-service network offering video, telephone and Internet services.
RCN Corp., a telephone service provider and subsidiary of Omaha-based Kiewit & Sons, last week acquired an 80% interest in Liberty, an MMDS company that serves 40,000 subscribers in New York City.
Industry sources say Kiewit & Sons reportedly will pay an initial $60 million for Liberty, as well as additional considerations that could bring the total to $100 million.
Liberty,...
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