Cable One acquired Fidelity Communications Co. (data, video and voice business) for $531.4 million, a transaction announced in October 2019.
Acquired the ~80-year-old family-owned cable operator's connectivity business serving customers across AR, IL, LA, MO, OK and TX, extending Cable One's non-urban footprint with ~134,000 primary service units. Announced April 1, 2019 at $525.9 million; final purchase price of $531.4 million per the FY2021 10-K.
Acquired the ~80-year-old family-owned cable operator's connectivity business serving customers across AR, IL, LA, MO, OK and TX, extending Cable One's non-urban footprint with ~134,000 primary service units. Announced April 1, 2019 at $525.9 million; final purchase price of $531.4 million per the FY2021 10-K.
Fidelity is a fantastic geographical, cultural and business fit. Its operating philosophy and customer-centric focus are similar to our own.
Advisory firms were not disclosed for this transaction.