DirecTV buys installation provider

Rocky Mountain News

Published April 18, 2008 at 9:02 a.m.
Updated April 18, 2008 at 9:02 a.m.

Text size  

• 0 Comments
• Email
• Print

DirecTV Group, the nation’s No. 1 satellite-television provider, is buying home-installation provider 180 Connect Inc. of Cherry Hills Village.

With the purchase, DirecTV will gain control of one of its largest installation and home-service providers in 45 U.S. market locations throughout California, Colorado, Oregon, Washington, Utah, Montana, Idaho, Wyoming, Arkansas, Virginia, Hawaii and western Pennsylvania. Prior to the acquisition, DirecTV had outsourced all its installation operations through 13 home-service providers.

DirecTV will acquire all of 180 Connect’s outstanding common stock and exchangeable shares for $1.80 a share. The deal is expected to close in the third quarter.

180 Connect shares are traded under the name of 180 Connect Inc. on the OTCBB under the symbols CNCT.OB, CNCTU.OB and CNCTW.OB.

Featured

• Holiday movies

  

  Check out our movie page to read reviews and see your holiday options.

• Holiday Lights

  

  Is your house the jolliest on the block? Submit your holiday lights display.

• Mount Crushmore

  

  Which four Broncos greats should be immortalized on Mount Crushmore? Vote here.

• Broncos-Jets Action

  

  Visit our photo galleries for some hard-hitting action photos from Sunday's game.

• Bronco Dean's rant

  

  Listen to Bronco Dean's postgame rant on the Jets.

• Rocky Multimedia

  

  The news comes alive in our videos and slide shows. Catch up on what's happening today.

• Stein's View

  

  Editorial cartoons by Ed Stein

• Holiday Gift Guide

  

  Looking to get a jump-start on the holiday shopping season?

• The Rocky @ 150 Years

  

  Read the Rocky's coverage of Colorado's cannibal, Alfred Packer, in 1886.