Cable ONE to Acquire Fidelity Communications $525.9 million

Cable ONE to Acquire Fidelity Communications $525.9 million Image Credit: World Image/Bigstockphoto.com

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.

Julie Laulis, President and CEO, Cable ONE
Fidelity is a fantastic geographical, cultural and business fit. Its operating philosophy and customer-centric focus are similar to our own. That, coupled with future growth opportunities within or near our existing footprint, make this an exciting acquisition.

John Colbert, President of Fidelity Communications
Cable ONE is an exceptional business with dedicated and passionate associates and a strong commitment to the communities they serve. We look forward to working with the Cable ONE team as we bring our two companies together.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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