Announced
Financials
Sources
Tags
Domestic
Private Equity
Majority
Pending
Telecommunications Services: Other
Joint Venture
Single Bidder
fiber-to-the-premise telecommunications
Friendly
Private
United States
Synopsis
Cable One, an American broadband communications provider, GTCR, a private equity firm, The Pritzker Organization, the merchant bank for the business interests of the Tom Pritzker family, and Stephens Capital Partners, the principal investing arm of the Warren A. Stephens family, agreed to form Clearwave Fiber, an entity that holds Cable One’s subsidiary Clearwave Communications and certain fiber assets. Financial terms were not disclosed. The joint venture reflects a shared commitment from Cable One and the Investors to provide fast and reliable connectivity via FTTP internet to underserved markets and will allow for more rapid expansion of fiber internet to homes and businesses in small cities and big towns.
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