Cable One has entered into an agreement with Fidelity Communications to acquire Fidelity’s data, video and voice business and certain related assets for $525.9 million.
Cable One is a leading broadband communications provider in the US, serving more than 800,000 residential and business customers in 21 states.
Fidelity Communications is a family-owned cable operator that has been providing residential and business services to customers throughout greater Arkansas, Illinois, Louisiana, Missouri, Oklahoma and Texas for nearly 80 years. Fidelity’s network passes approximately 190,000 homes and it has approximately 114,000 residential primary service units (PSUs) and 20,000 business PSUs. Fidelity is headquartered in Sullivan, Missouri.
Fidelity has upgraded systems and a high-capacity plant, including more than 5,100 network plant miles and over 1,600 fiber route miles, capable of delivering top-tier speeds and services. More than 50 percent of Fidelity’s revenues are derived from residential high-speed data and business services.