Astound Broadband Powered By Wave Acquires Fastmesh Internet, Adding Wireless Residential Wifi Services To Fast-Growing Broadband Network
Mar 16, 2022•over 3 years ago
Acquiring Company
Astound Broadband
Acquired Company
FastMesh Internet
Description
Astound Broadband powered by Wave, the West Coast operating unit of Astound, the sixth largest cable operator in the United States, today announced that it has acquired FastMesh Internet, a provider of wireless residential WiFi services to apartment buildings and housing communities in the Pacific Northwest. The company provides its services to thousands of customers within a growing base of more than 130 multiple dwelling unit (MDU) buildings throughout Seattle, WA and Portland, OR.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed