Looking to strengthen its recently rebranded multiunit dwelling (MDU) installation business, Charter Communications (NASDAQ: CHTR) has paid undisclosed sum to acquire Raleigh, N.C. based Clearview Networks, a company that surveys, designs, installs and supports managed Wi-Fi services for the multi-dwelling units (MDU), student housing and hospitality markets across the U.S.
"The acquisition of Clearview Networks puts Charter in a stronger position to accelerate the growth and deployment of Spectrum Community Solutions," said Adam Ray, VP of direct sales and Spectrum Community Solutions, in a statement. "By leveraging the industry knowledge of Clearview Networks to the benefit of Spectrum Community Solutions customers, Charter can extend its ability to provide superior communications solutions with unparalleled support and technical capabilities."
Charter put its MDU division under the Spectrum brand name in November. Charter Community solutions provides managed Wi-Fi, TV and voice services to residential multi-unit dwellings by way of HFC and fiber.
The division targets not only traditional apartment buildings, but also off-campus student housing, senior living facilities and RV parks.
"Spectrum Community Solutions integrates superior entertainment and communications products with dedicated, 24/7 customer and technical support, helping property owners attract and retain more residents and increase property value," said Jonathan Hargis, Charter's executive VP and chief marketing officer said, in a statement released in November.
Charter is in the home stretch in its purchases of Time Warner Cable (NYSE: TWC) and Bright House Networks. The MSO received favorable news earlier this week when an administrative law judge recommended that the California Public Utilities Commission approve the TWC transaction.
The PUC is regarded as the last regulatory hurdle Charter has to jump, with the MSO already in advanced talks over conditional approval of the deals with the FCC.
Charter rebrands biz unit as Spectrum Business, splits enterprise, SMB units