Jet Broadband Completes Cable Sale

Jet Broadband Holdings, a portfolio company of MCG Capital, has completed the sale of its cable operations to Shentel Cable Co., a wholly-owned subsidiary of Shenandoah Telecommunications Co. (Nasdaq: SHEN), peHUB has learned. The deal was valued at $148 million.

Waller Capital Partners advised Jet Broadband while Lazard Freres advised Shentel.