Cable One, Inc. announced the acquisition of all equity interests in Mega Broadband Investments LLC.
Full ownership of MBI will provide Cable One with a larger operating footprint and unlock efficiency opportunities.
MBI is a leading provider of broadband services across the Southeast, Northwest, and Mid-South United States.
Strategic Investment in MBI
Reflects Cable One's commitment to providing rural America with reliable high-speed internet service.
Transaction Details
Cable One to pay a purchase price for the 55% of MBI it does not already own, estimated between $475 million and $495 million.
Financing the Acquisition
Cable One intends to finance the purchase price through a combination of cash resources and indebtedness.
- Acquisition to expand Cable One's market footprint and enhance long-term growth prospects.
- MBI's operating model and local-first focus align with Cable One's philosophy.
The acquisition of Mega Broadband Investments positions Cable One for increased growth and market expansion, highlighting its commitment to providing reliable internet services to rural communities.