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Encyclopedia > RCN Corporation
RCN Corp
RCN
Type Public
Founded 1997
Headquarters Herndon, VA
Key people Peter Aquino, President and CEO
Industry Telecommunications
Revenue $565 Million
Employees 2,180
Website www.rcn.com

RCN Corporation, (NASDAQ: RCNI), founded in 1997 and based in Herndon, Virginia, is the first and largest American facilities-based competitive provider of bundled telephone, cable television and high speed Internet service delivered over its own fiber-optic local network to consumers in the Boston, New York, Eastern Pennsylvania, Washington, D.C., Chicago, San Francisco and Los Angeles metropolitan markets. A public company is a company owned by the public rather than by a relatively few individuals. ... Herndon is the third-largest town in Virginia, located in Fairfax County, Virginia. ... Copy of the original phone of Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the transmission of signals over a distance for the purpose of communication. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... Website - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... NASDAQ in Times Square, New York City. ... Herndon is the third-largest town in Fairfax County, Virginia, United States. ... An old rotary telephone This article is about telephone technology. ... Coaxial cable is often used to transmit cable television into the house. ... An Internet Service Provider (ISP) is a business or organization that offers users access to the Internet and related services. ...


As of 2006, RCN claims 410,000 domestic customers and 130 cable franchises. 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

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History

RCN began as a cable TV overbuilder, then purchased existing ISPs like Erol's Internet, Interport and UltraNet. In Chicago it bought into the market by acquiring overbuilder 21st Century Telecom (itself acquirer of local ISP EnterAct), and high rise focused microwave providers Wedgewood and OnePoint.The name originally stood for Revolutionary Cable Network and the company used Soviet themed marketing campaigns. Later it was changed to Residential Communications Network. In May 2004, RCN filed for Chapter 11 bankruptcy due to overextending itself in multiple markets, and emerged from bankruptcy in December 2004. Nickname: The Windy City, The Second City, Chi Town Motto: Urbs In Horto (Latin: City in a Garden), I Will Location in Chicagoland and Illinois Coordinates: Country United States State Illinois Counties Cook, DuPage Incorporated March 4, 1837 Mayor Richard M. Daley (D) Area    - City 606. ... Motto: Пролетарии всех стран, соединяйтесь! (Transliterated: Proletarii vsekh stran, soedinyaytes!) (Russian: Workers of the world, unite!) Anthem: The Internationale (1922-1944) Hymn of the Soviet Union (1944-1991) Capital Moscow Largest city Moscow Official language(s) None; Russian de facto Government Federation of Soviet Republics Establishment October Revolution  - Declared 30 December 1922   - Recognized 1... The examples and perspective in this article or section may not represent a worldwide view. ...

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Acquisitions and Sell-Offs

On January 21, 1998, RCN paid $110.5M for UltraNet in Massachusetts and Erol's in Virginia, reported The Boston Globe on January 22, 1998. Official language(s) English Capital Boston Largest city Boston Area  Ranked 44th  - Total 10,555 sq mi (27,360 km²)  - Width 183 miles (295 km)  - Length 113 miles (182 km)  - % water 13. ... This article does not cite its references or sources. ... The Boston Globe is the most widely circulated daily newspaper in Boston, Massachusetts and in the greater New England region. ...


RCN sold its 49% of the Mexican cable company Megacable on March 23, 2006 for $300M to pay down debt. On March 20, 2006 RCN bought [1] Consolidated Edison Communications Holding Co., a subsidiary of Consolidated Edison for $32 million and $7 million in working capital. Megacable is the largest cable operator in México. ...


On August 18, 2006, RCN announced it was selling its San Francisco operations, representing 18,000 subscribers, to Astound Broadband [2] for $45 million [3] This page is a candidate for speedy deletion. ...


On September 13, 2006, Bloomberg News, citing two anonymous sources, reported that RCN hired the Blackstone Group to examine the possibility of putting the company up for sale. [4] September 13 is the 256th day of the year (257th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Bloomberg Television is a cable television network that broadcasts business and financial news 24 hours a day. ... The Blackstone Group L.P. (not to be confused with investment management firm BlackRock, Inc. ...

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