WOW! closes sale of three service areas to Astound Broadband

Nov. 1, 2021
WOW! announced earlier this year it would sell the three service areas to Astound Broadband as well as its Cleveland and Columbus, OH, service areas to Atlantic Broadband.

Cable MSO WOW! Internet, Cable & Phone (NYSE: WOW) says it has closed the sale of its service areas in Chicago, Evansville, IN, and Anne Arundel, MD, to Radiate HoldCo, LLC, a telecommunications holding company affiliated with the three companies that compose Astound Broadband: RCN Telecom Services, LLC, Grande Communications Networks, LLC, and WaveDivision Holdings, LLC (see “Stonepeak Infrastructure Partners to buy Astound Broadband"). The deal nets WOW! $661 million.

WOW! announced earlier this year it would sell the three service areas to Astound Broadband as well as its Cleveland and Columbus, OH, service areas to Atlantic Broadband (see “WOW! to sell service areas to Atlantic Broadband, Astound Broadband”). Together, the sales are worth $1.8 billion, the broadband service provider states. The company says it will use the funds to reduce debt, strengthen its financial position, and enhance its activities in its remaining service areas. WOW! asserts its network passes 1.9 million residential, business, and wholesale consumers in 14 markets. Those market primarily are located in the Midwest and Southeast, including Michigan, Alabama, Tennessee, South Carolina, Florida, and Georgia.

"The completion of the Astound Broadband transaction is another important step in the execution of our broadband-first strategy," said Teresa Elder, CEO of WOW!. "We remain committed to providing customers with reliable, accessible, and fast broadband solutions, and now we have an even greater ability to enhance our network and expand our footprint through greenfield and edge-out opportunities."

For related articles, visit the Business Topic Center.

For more information on FTTx technology and suppliers, visit the Lightwave Buyer’s Guide.

To stay abreast of fiber network deployments, subscribe to Lightwave’s Service Providers and Datacom/Data Center newsletters.

About the Author

Stephen Hardy | Editorial Director and Associate Publisher, Lightwave

Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.

Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.

He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.

You can connect with Stephen on LinkedIn as well as Twitter.

Sponsored Recommendations

AI and Network Convergence: Transforming Global Connectivity

March 7, 2025
In today’s hyperconnected world, rolling out and managing profitable, high-performance networks for access and transport will require innovative architectural approaches. The ...

Unveiling the Synergy Between AI and Optical Networking

March 12, 2025
Join us for an engaging discussion with industry experts on the intersection of AI and optics. Moderated by Sean Buckley, editor-in-chief of Lightwave+BTR, this panel will explore...

Transforming the metro network and the evolution of the "Digital Service Provider"

March 4, 2025
Join experts at EXFO and Ekinops in this webinar that will review the evolving metro-centric requirements and the technologies emerging to meet them.

On Topic: Tech Forecast for 2025/ What Will Be Hot

Dec. 9, 2024
As we wind down 2024, Lightwave’s latest on-topic eBook will examine the hot topics for 2025. AI is at the top of the minds of optical industry players supporting...