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Article: Digital Access Reins In, Focuses on Nashville.(puts Milwaukee, Indianapolis plans on hold)(Brief Article)
- Article from:
- Multichannel News
- Article date:
- February 19, 2001
- Author:
CopyrightCOPYRIGHT 2001 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The once runaway cable overbuild craze was in a free fall last week, as another newcomer announced it would put virtually all of its plans on hold.
Digital Access Inc. became the latest overbuilder to step back from previously announced plans when it told Milwaukee and Indianapolis officials it would delay plans to enter their markets, perhaps for as long as two years.
Instead, the overbuilder will reportedly use its $450 million in equity funding to try and gain a toehold in Nashville, Tenn., the first market in which it received a franchise. The company had previously canned plans to overbuild Kansas City.
"I knew that it was in the works, ...