Hicks Holdings has agreed to buy Apartment MediaWorks, which should extend the reach of DirecPath, its new joint venture with DirecTV. Financial terms of the purchase were not disclosed.
DirecPath was formed to sell a bundle of DirecTV and other broadband services to multiple dwelling units (MDUs) and gated communities. DirecPath expects that broadband-based security services will appeal to this market, and so will also offer security in its bundle.
Apartment MediaWorks provides video, broadband Internet and other services to MDUs and gated-communities in several markets in the southeastern United States, including Atlanta, Ga.; Birmingham, Ala.; Raleigh-Durham, N.C.; and in South Florida. The company claims about 40,000 homes passed.