Jones Intercable
 |
|
| Industry | Cable television |
|---|---|
| Fate | Acquired by Comcast |
| Successor | Comcast |
| Founded | 1970 |
| Defunct | 1999 |
| Headquarters | Georgetown, Colorado, USA |
|
Key people
|
Glenn Jones |
Jones Intercable was a cable television company founded by Glenn Jones in 1970. Jones, already a cable television veteran, had bought his first cable system in Georgetown, Colorado after taking a $400 loan on his Volkswagen.[1]
The company expanded rapidly and by 1994 had 1.4 million subscribers.[1]
In 1993, 30% of the company was purchased by BCI Telecom Holdings, which maintained partial ownership of the cable firm until May 1998, when Comcast announced it would be buying BCI's 37% portion of the cable giant.[2]
Around September 1999, Comcast announced that it had started to buy up the company's stock. Comcast purchased almost a million Class-A shares of Jones Intercable from Jones International along with almost 3,000 from Glenn Jones himself.
This led to Comcast taking full control of Jones Intercable.
