Elnora, Odon and Plainville among communities to be served by Missouri-based cable provider
The Indiana Utility Regulatory Commission earlier this month approved NewWave Communications' application to provide video services in several additional Southwestern Indiana communities, including several here in the Tri-State.
NewWave has acquired and will soon take over control of cable systems in Elnora, Odon and Plainville, Ind.; those communities were previously served by Suddenlink Communications, which is exiting the market. (Suddenlink's main presence is in the southern U.S.)
It's not known how much NewWave paid Suddenlink for the systems.
For NewWave, the acquisition of these systems, as well as others in Sullivan, Greene, Vigo, Parke and Clay counties, marks an expansion of its Indiana service territory that began with the company's purchase of Avenue Broadband in 2011. The company has a substantial presence in both Southeastern Illinois and Southwestern Indiana.
However, with the expansion also comes a contraction elsewhere ― NewWave recently completed its long-planned spinoff of its smaller, non-modernized systems in Crawford, Dubois, Spencer and Warrick counties to Summit Digital, a small Michigan-based cable provider. That purchase involved an unspecified amount of cash and stock.
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