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Columbia Capital and M/C Partners to Sell Baja Broadband

Columbia Capital, the Alexandria-based technology venture capital firm, said that it and M/C Partners have agreed to sell their stakes in New Mexico-based Baja Broadband to Chicago-based Telephone and Data Systems for $267.5 million. Baja, which is owned and controlled by the two firms, provides video, broadband and voice services to residential and commercial customers in Colorado, New Mexico, Texas and Utah. The company generated revenue of $82.4 million in 2012, and has approximately 285 employees. The deal is expected to close in the third quarter.

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