Phoenix, Arizona — May 1, 2017 — Cable One, Inc. (NYSE: CABO) (the “Company” or “Cable ONE”) today announced the completion of its acquisition of NewWave Communications (“NewWave”), a cable operator providing high-speed data, video and voice services to residential and business customers throughout non-urban areas of Arkansas, Illinois, Indiana, Louisiana, Mississippi, Missouri and Texas.
The all-cash $735 million acquisition was originally announced on January 18, 2017. The combination of Cable ONE and NewWave creates a leading high-speed data and cable company serving more than 1.2 million primary service units in 21 states and expands Cable ONE’s footprint into additional non-metropolitan markets for which the Company has optimized its strategy and operations.
“Our acquisition of NewWave is extremely positive for our customers, our associates and our shareholders,” said Julie Laulis, President and CEO of Cable ONE. “I am pleased to welcome the NewWave teams from around the country to Cable ONE as we work together to integrate and deliver on our financial objectives.”