Texas Overbuilders Merge

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Grande Communications Inc. said it will merge with another Texas overbuilder,
ClearSource Inc. of Austin.

Grande -- one of the few overbuilders that's still expanding -- is building
out systems from Austin to San Antonio.

The merger will add 12 ClearSource franchises -- including Waco, Corpus
Christi and Midland/Odessa -- to the 30 franchises Grande holds. Both
compete mainly against Time Warner Cable, selling bundled video, phone and
Internet services.

The merged venture will use the Grande name. Each partner will retain its
current pricing structure until the transition takes place.

The companies already had strong bonds -- Grande CEO Bill Morrow helped to
establish ClearSource.

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