Jones Intercable

Jones Intercable was a cable television company founded by Glenn R. 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]

Jones Intercable
IndustryCable television
FateAcquired by Comcast
SuccessorComcast
Founded1970
Defunct1999
HeadquartersGeorgetown, Colorado, USA
Key people
Glenn Jones

The company expanded rapidly and by 1994 it 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.[3] This led to Comcast taking full control of Jones Intercable.

References
  1. Jones Intercable, Inc.
  2. Stake in Jones Intercable Being Sold To Comcast
  3. ESTRELLA, JOE. "Comcast Closes Jones Buyout". Multichannel. Retrieved 2020-04-24.
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