Cable One acquire a remaining 55% stake in Mega Broadband for $495m.

Cable One, a cable company, agreed to acquire a remaining 55% stake in Mega Broadband, a telecommunications company, for $495m. “We are excited about the opportunity to acquire full ownership in MBI. Our strategic investment in MBI reflects our continuing commitment to provide rural America with reliable high-speed internet service. MBI has developed an excellent network in geographies that will be complementary to our existing footprint, enable us to expand our overall market footprint and enhance our long-term growth prospects. Their operating model and local-first focus is in line with our own operating philosophy and we look forward to combining with them and welcoming their exceptional team of associates to Cable One,” Todd Koetje, Cable One Interim CEO and CFO.