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Short Take: RCN acquires Erols

RCN has acquired Erols Internet, the nation's largest regional ISP, based in Washington, D.C. The acquisition makes RCN the largest regional Internet provider in the Northeast. Under the terms of the transaction, RCN paid $83.5 million in cash and stock for Erols.

RCN has acquired Erols Internet, the nation's largest regional ISP, based in Washington, D.C. The acquisition makes RCN the largest regional Internet provider in the Northeast. Under the terms of the transaction, RCN paid $83.5 million in cash and stock for Erols.