CountryWide Broadband To Acquire Full Channel, Enhance Service Offerings
Acquisition of East Bay broadband provider will leverage and extend its
innovative, community-minded focus
WARREN, R.I. (October 3, 2017) – CountryWide Broadband (CWB), a broadband acquisition and
management firm, today announced that, along with Seaport Capital of New York, the company
has agreed to acquire Full Channel, a leading provider of broadband video entertainment, highspeed
internet access, and telephone services to residents and businesses in Rhode Island’s
East Bay, including the communities of Barrington, Warren and Bristol. Full Channel will
continue to operate under the "Full Channel" name moving forward.
"We believe the East Bay presents tremendous opportunities to grow Full Channel’s business
and services," said Mike Whitaker, who will become General Manager of Full Channel upon its
acquisition. "We look forward to providing Full Channel’s customers the same great local
service they’ve grown to expect from Full Channel, as well as enhance our service offerings,
such as dramatically increasing our internet access speeds in the near future."
Over the past 35 years, Full Channel has evolved from an analog cable TV provider to become
the operator of a high-speed, fiber-rich digital communications network. This network has been
expanded and upgraded to provide high-bandwidth internet speeds, secure connectivity over a
fiber-optic network, advanced streaming video entertainment and digital telephone services for
homes and businesses. "Full Channel has a portfolio of great services, built with an outstanding
group of employees. Our plan is to expand on Full Channel’s successful, community-focused
business model," said Whitaker.
"This acquisition is good news both for the local community and for our dedicated employees
who’ve helped to make Full Channel what it is today," said Linda Jane Maaia, Full Channel
President and CEO. "I’m especially pleased to know my father’s creation will be in the hands of
the tremendously experienced and innovative CountryWide Broadband team."
Full Channel operates a fiber-rich network, currently offering up to 320 Mbps internet access.
Once it has acquired Full Channel, CWB intends to increase its internet access speeds to provide
initially up to 1 Gbps internet access.
CWB plans for current Full Channel employees to remain in their positions, and will add local
positions as the company grows.
About Full Channel, Inc.
An innovative provider with a 35-year history in the communications industry, Full Channel
services for broadband internet, TV and phone services are available to approximately 50,000
residents in the Rhode Island towns of Barrington, Warren and Bristol. Founded by the late
New England broadcast executive John Donofrio, Full Channel is well known for both its
innovative technology and its deep community roots. The company has received numerous
local and national accolades for its ongoing community commitment and sustainable energy
practices — including GreenLink, its one-of-a-kind, wind-powered communications platform.
About CountryWide Broadband, Inc.
CountryWide Broadband, Inc. (CWB) is a broadband acquisition and management firm headed
by a management team with broad expertise in the fiber-optic, cable and telephone industries.
The CWB executive team has almost 100 years of experience in telecommunications, having
served as senior executives for Charter Communications, Williams Communications, Fidelity
Communications and Global TeleSystems of London, England.
About Seaport Capital
Seaport Capital is a New York City-based private equity firm that invests in recurring revenue
companies operating in the communications, information and business services sectors.
Current Seaport portfolio companies in the cable industry include i3 Broadband, a "triple-play"
fiber-optic service provider in Central Illinois; and previous Seaport cable investments include
Everest Communications, Marianas Cablevision, Otelco and Metrocast Cablevision.