Cable One, Inc. (NYSE: CABO) has acquired NewWave Communications , 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 company said.
The all-cash USD 735m acquisition was originally announced on January 18, 2017.
The combination of Cable ONE and NewWave creates a high-speed data and cable company serving more than 1.2m 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.
Cable One is the seventh-largest cable company in the United States. Serving more than 800,000 customers in 21 states with high-speed internet, cable television and telephone service, Cable ONE provides consumers with a wide range of the latest products and services, including wireless internet service, high-definition programming and phone service with free, unlimited long-distance calling in the continental US.