Vulcan Ventures has invested $1.65 billion in RCN, the New Jersey-based telecommunications company. The investment group, which was established in 1986 by Microsoft co-founder Paul Allen, is helping RCN extend its residential network across the US.
RCN has been consulting Davis Polk & Wardwell, but Matthew Rosen at Skadden, Arps, Slate, Meagher & Flom provided tax advice.
Elliot Freier of Los Angeles firm Irell & Manella gave tax advice to Vulcan Ventures.