|This article needs additional citations for verification. (March 2010)|
|Headquarters||Princeton, New Jersey, United States|
|Jim Holanda, CEO|
|Services||High Speed Internet
Number of employees
RCN Corporation, originally Residential Communications Network, founded in 1993 and based in Princeton, New Jersey, is the first American facilities-based competitive ("overbuild") provider of bundled telephone, cable television, and DSL internet service delivered over its own fiber-optic local network to consumers in the Boston, New York, Eastern Pennsylvania, Washington, D.C., and Chicago areas.
As of 2006[update], RCN claimed over 424,000 domestic customers and 130 cable franchises. As of 2013[update] RCN's network covered offered coverage to approximately 3.8 million people making it 10th largest provider of cable broadband in the U.S.
RCN (Residential Communications Network) was originally created in 1993 by developer David McCourt and Peter Kiewit Sons' Inc., the Omaha construction giant. Kiewit also owned MFS, a pioneering Competitive Access Provider (CAP). In a series of moves, RCN purchased C-TEC, the parent of Pennsylvania's Commonwealth Telephone (Commonwealth was spun out several years later), while MFS spun off its small residential telephone operations to RCN. MFS was later purchased by Worldcom. RCN/C-TEC became a competitive local exchange carrier (CLEC) when the Telecom Act of 1996 passed.
RCN then began its growth as a cable TV overbuilder, constructing competitor cable systems in markets that already had cable service. Most of its systems were partnerships with power companies, which provided rights-of-way on poles. RCN featured "triple play" television/internet/telephone service, though for some time its voice operations were largely resold incumbent telephone company lines. It purchased existing US East-Coast ISPs Erol's Internet, UltraNet Communications, Interport, and JavaNet. On the West Coast, it purchased existing ISPs DNAI and Brainstorm. In Chicago, it bought into the market by acquiring overbuilder 21st Century Telecom. In Washington D.C., they formed a 50/50 joint venture with local power company Pepco named StarPower Communications in 1999; they bought out Pepco's stake in 2004, and rebranded StarPower systems to the RCN name.
In early February 2009, RCN converted to an all-digital network. With the transition, the company is able to use the entire spectrum for digital and high-definition television broadcasting, reducing the need to compress signals, and offering more channels with higher-quality video service.
RCN4 and RCN8 broadcast local sports. RCN4 is in the Lehigh Valley and RCN8 in the Delaware Valley. Programming includes Lafaytte sports, Delaware Valley Outdoors, Blue Mountain League Baseball, coverage of the Allentown Fair, Disc Golf Monthly, The Jolly Joe Timmer Show, Polkafest, District XI Wrestling, High School Football, including coverage of Easton Red Rovers games, broadcast from the gym of Easton Area Middle School 7/8. In addition, RCN4 runs the Lafayette sports network, broadcasting home and away games of their football, basketball, and baseball games and along with RCN8 also broadcasts classic sitcoms similar to TV Land, such as The Lucy Show, Mr. and Mrs. North, The Phil Stahl Show, and several others including two daily Spanish-language shows. When the channels are not broadcasting this type of programming, they broadcast Valley Connection, which is similar to a cable company electronic community bulletin board.
Acquisitions and selloffs
In 1996, RCN bought much of C-TEC Corporation as reported by the Morning Call on March 29, 1996.
On June 16, 1998, RCN paid $11 million in stock and $871,000 in cash for Interport Communications, Inc.
On July 27, 1998 RCN paid $13.4 million in stock and $2.4 million in cash for Javanet, Inc.
On March 20, 2006 RCN bought Consolidated Edison Communications Holding Co., a subsidiary of Consolidated Edison for $32 million and $7 million in working capital.
- "Employee Information Report RCN Telecoms LLC". RCN Telecom Services LLC. Retrieved 6 April 2014.
- "RCN Overview and Coverage". Broadband Now. Retrieved 2014-04-28.
- "Where We Service". RCn Telecoms LLC. Retrieved 6 April 2014.
- http://www.abry.com/home/news/10-08-26/ABRY_Partners_Completes_Acquisition_of_RCN_Corporation.aspx[dead link]
- Musgrove, Mike (March 6, 2010). "Va. broadband provider RCN accepts Boston equity firm's acquisition offer". The Washington Post.
- "Twin County Parent Will Sell Assets To Rcn For $123 Million C-tec's Moves Will Separate The Company's Main Units In A Try To Boost Its Stock Price".
- Online Stock Trading Investing Day Trading[dead link]
- "Agrees to Sell San Francisco Assets for $45 Million" (Press release). RCN. August 18, 2006. Retrieved 2010-04-06.
- "RCN Might Seek Buyer". TheStreet. September 13, 2006. Retrieved 2010-04-06.
- Official website
- RCN Forum at Broadband Reports Independent discussion of RCN Internet, Cable TV and Phone Services
- THE WALL STREET TRANSCRIPT CEO Interview: PETER AQUINO published 02/13/2006