Search
 

USOL, Grande Take First Steps in 10-Year Partnership

AUSTIN-The first payment, totaling $4.8 million, rolls in from Grande Communications to US Online in a partnering for multifamily high-tech hookups. By Sept. 30, another $8.6 million is to be dumped into US OnLine's coffer.

By Tim Green | Updated on January 02, 2002

AUSTIN-US OnLine has begun an effort to sell and market Grande Communications Inc.’s telecommunications services to apartment complexes in the Austin-San Antonio corridor. The move is accompanied by a $4.8-million payment from Grande to US OnLine, one of several to be made in the coming months.

These are the first transactions consummated under a 10-year agreement recently reached between the companies. The pact calls for US OnLine to become Grande’s exclusive partner in obtaining right-of-entry and marketing agreements with apartment complex owners.

US OnLine, a subsidiary of Austin-based USOL Holdings Inc., provides a range of telecommunications services including cable television and telephone and Internet connections to resident of multifamily dwellings. Grande, based in San Marcos, TX, is building a high-speed communications network in the corridor.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.