Seaport Capital sells MCV Broadband to NTT DOCOMO
May 22, 2013
Seaport Capital announced today that it has completed the sale of MCV Broadband, the leading triple-play cable television, internet, and telephone provider on Guam, to NTT DOCOMO, INC., a Japan-based global operator of wireless communications networks, for an enterprise value of approximately $130 million USD.
Since the company’s acquisition by Seaport Capital in 2005, MCV has upgraded its network and programming distribution capabilities, and expanded its product offering from analog video to a fully-digitized triple-play solution. Over the last two years, MCV has further expanded its telephone, internet, and video services to the commercial market on Guam.
The combined company will have the capability to offer a fully-integrated quadruple-play video, internet, home telephone, and mobile telephone solution leveraging the combined network infrastructure of MCV and NTT DOCOMO’s wholly-owned Guam subsidiary, DOCOMO Pacific.
“We are very excited about the combination of MCV with DOCOMO”, said MCV’s Craig Thompson. We are proud of all that we’ve accomplished over the last 8 years with Seaport Capital, and very much appreciate their support and investment.
“We appreciate the efforts of Craig Thompson and his team at MCV over the past 8 years,” said Bill Luby, partner at Seaport Capital. We are proud of MCV’s reputation as the premier communications provider on Guam and consider it a testament to the teamâs commitment to customer service. The DOCOMO-MCV combination will create a dynamic company that will deliver even greater customer satisfaction in the years ahead, and we wish the company continued success.