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New Deal


Announced

Completed

Astound Broadband completed the acquisition of the Chicago, Evansville, and Anne Arundel businesses of WideOpenWest for $661m.

Financials

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Transaction Value£477m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

United States

Domestic

Friendly

Single Bidder

cable telecomunications

Cable Television

Disposal

Acquisition

Completed

Synopsis

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Astound Broadband, an American telecommunications holding company, completed the acquisition of the Chicago, Evansville, and Anne Arundel businesses of WideOpenWest, a cable service provider, for $661m. "We are pleased to reach these two agreements as WOW! takes a significant step toward accelerating our broadband-first growth strategy at a pivotal time in our industry. The substantial proceeds from these transactions reflect the attractiveness of our assets and the clear opportunity to expand our position as a trusted provider of reliable, accessible and fast broadband solutions. The divestiture of these markets will enable us to reduce our debt as we continue to execute our broadband-first strategy, including pursuing our Edge-out and greenfield strategies and expanding our commercial services," Teresa Elder, WOW! CEO.

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