Announced
Completed
Financials
Tags
Private
Majority
United States
Domestic
Friendly
Single Bidder
cable telecomunications
Cable Television
Disposal
Acquisition
Completed
Synopsis
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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