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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cable One Inc | NYSE:CABO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-17.53 | -4.43% | 378.45 | 408.415 | 369.13 | 369.13 | 162,639 | 00:11:49 |
Cable One, Inc. (NYSE: CABO) (the “Company” or “Cable ONE”) today announced the completion of its acquisition of the data, video and voice business and certain related assets of Fidelity Communications Co. (collectively, “Fidelity”).
Fidelity provides connectivity services to residential and business customers throughout greater Arkansas, Illinois, Louisiana, Missouri, Oklahoma and Texas. The transaction complements and expands Cable ONE’s footprint by approximately 190,000 homes passed and adds approximately 87,000 customers.
“The addition of Fidelity will create excellent opportunities for associates, a superior experience for customers and increased value for our shareholders,” said Julie Laulis, President and CEO of Cable ONE. “We take great pleasure in welcoming Fidelity associates to the Cable ONE team, and as we begin to integrate our businesses in the coming months, our commitment to the communities we serve will remain our top priority.”
About Cable ONE
Cable One, Inc. (NYSE: CABO) is a leading broadband communications provider serving more than 900,000 residential and business customers in 21 states through its Sparklight™ and Clearwave brands. Sparklight provides consumers with a wide array of connectivity and entertainment services, including high-speed internet and advanced Wi-Fi solutions, cable television and phone service. Sparklight Business and Clearwave provide scalable and cost-effective products for businesses ranging in size from small to mid-market, in addition to enterprise, wholesale and carrier customers.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This communication may contain “forward-looking statements” that involve risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections about the Company’s industry, business, financial results and financial condition. Forward-looking statements often include words such as “will,” “should,” “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,” “believes” and words and terms of similar substance in connection with discussions of future operating or financial performance. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. The Company’s actual results may vary materially from those expressed or implied in its forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statement made by the Company or on its behalf. Important factors that could cause the Company’s actual results to differ materially from those in its forward-looking statements include government regulation, economic, strategic, political and social conditions and the following factors:
Any forward-looking statements made by the Company in this communication speak only as of the date on which they are made. The Company is under no obligation, and expressly disclaims any obligation, except as required by law, to update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191001005747/en/
Trish Niemann Corporate Communications Director 602.364.6372 patricia.niemann@cableone.biz
Steven Cochran CFO investor_relations@cableone.biz
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