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Cable ONE ( (CABO) ) just unveiled an update.
Cable One has amended its strategic partnership agreement with Mega Broadband Investments Holdings LLC (MBI) to enhance timing flexibility for potentially acquiring full ownership of MBI. The amended agreement includes a $250 million cash payment and access to $100 million in new debt proceeds by MBI unit holders, thereby adjusting the purchase price for Cable One’s future acquisition of the remaining 55% interest it does not own. The company’s strategic investment in MBI supports its mission to deliver broadband services in rural America, with the partnership expected to optimize Cable One’s capital structure and strengthen its market position.
More about Cable ONE
Cable One, Inc. (NYSE: CABO) is a prominent broadband communications provider serving over 1 million customers across 24 states in the United States. Operating through brands like Sparklight, the company is committed to innovation, reliability, and bridging the digital divide by offering high-speed internet and connectivity solutions for residential and business customers.
YTD Price Performance: -34.16%
Average Trading Volume: 84,686
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2B
Learn more about CABO stock on TipRanks’ Stock Analysis page.
