Financial Advisor
Clearwave Communications
M&A Advisory
Has Been Acquired By
Transaction Details
- On November 12, 2018, Cable One, Inc. (NYSE: CABO) (“Cable ONE” or the “Company”), announced that is has entered into a definitive agreement to acquire Clearwave Communications (“Clearwave”), in an all-cash transaction.
- The transaction is expected to be funded through Cable ONE's cash on hand and its existing revolving credit facility.
- The acquisition provides Cable ONE with a premier fiber network within its existing footprint and further enables the Company to supply its customers with enhanced business services solutions.
- Clearwave has more than 2,400 route miles of dense metro fiber infrastructure connecting approximately 2,700 on-net businesses, towers and data centers.
- Stephens Inc. served as financial advisor to Clearwave Communications.
About the company
Cable One, Inc.
Cable ONE (NYSE: CABO) is among the 10 largest cable companies in the United States and a leading broadband communications provider. Serving residential and business customers in 21 states, Cable ONE provides consumers with a wide array of communications and entertainment services, including high-speed internet and advanced Wi-Fi solutions, cable television, and phone service. Cable ONE Business provides scalable and cost-effective products for businesses ranging in size from small to mid-market, in addition to enterprise, wholesale, and carrier customers.
Clearwave Communications
Clearwave Communications (“Clearwave”) is a facilities-based service provider that owns and operates a high-capacity fiber network offering dense regional coverage in Southern Illinois. Clearwave is headquartered in Harrisburg, Illinois.
Sources: Cable ONE press release
-
This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.