Jones Intercable was a cable television company founded by Glenn Jones in 1970. Jones, already a cable television veteran, had bought his first cable system in Georgetown, Colorado after taking a $400 loan on his Volkswagen. The company expanded rapidly and by 1994 had 1.4 million subscribers. In 1993, 30% of the company was purchased by BCI Telecom Holdings, which maintained partial ownership of the cable firm until May 1998, when Comcast announced it would be buying BCI's 37% portion of the cable giant. This led to Comcast taking full control of Jones Intercable.