US cableco Insight Communications has put itself up for sale and is looking for a deal worth between US$3.5-4bn, according to media reports.
Reuters reported yesterday that Insight, which is owned by PE firm Carlyle, has mandated BoA Merrill Lynch and…
US cableco Insight Communications has put itself up for sale and is looking for a deal worth between US$3.5-4bn, according to media reports.
Reuters reported yesterday that Insight, which is owned by PE firm Carlyle, has mandated BoA Merrill Lynch and UBS to advise on the deal.
Neither Insight nor Carlyle replied to questions before the press deadline.
Insight, which offers both internet and fixed-line services, published its 2010 results on 8 March.
These showed revenue of US$1.1bn, an increase of 7% on the previous year.
They had lost 24,700 basic cable customers, making a total of 691,700. But the number of digital cable and internet customers had increased to 598,400 and 1,332,800 respectively.
