Welcome to our dedicated page for Cable One news (Ticker: CABO), a resource for investors and traders seeking the latest updates and insights on Cable One stock.
Cable One, Inc. reports news around its broadband communications business, which provides residential and business data, video and voice services through the Sparklight brand. Recurring updates cover operating results, subscriber trends, average revenue per unit, adjusted EBITDA, cash flow, capital expenditures and the performance of residential data, residential video and business data services.
Company news also includes Sparklight product expansion, such as prepaid wireless service for Sparklight internet customers, intelligent Wi-Fi offerings powered by eero Wi-Fi 7, IPTV/video services, voice services and advertising revenue tied to video channels. Corporate updates may cover conference-call notices, inducement equity awards and other governance developments.
Cable One announced a private offering of $500 million in senior notes due 2030, subject to market conditions. The proceeds are intended for general corporate purposes, including strategic investments like the investment in Mega Broadband Investments Holdings. The offering is exempt from registration under the Securities Act and will be available only to qualified institutional buyers and non-U.S. persons. There are risks associated with the offering's completion and the company’s future performance, particularly related to market competition and potential economic conditions.
Cable One, Inc. (NYSE: CABO) announced preliminary estimated results for Q3 2020, projecting revenues between $333 million and $339 million, with net income expected to range from $62 million to $66 million. Adjusted EBITDA is anticipated to be between $170 million and $174 million. Additionally, the Company reported a growth of approximately 26,000 residential data subscribers during the quarter, including 5,000 from the acquisition of Valu-Net LLC. A final results conference call is scheduled for November 5, 2020.
Cable One (NYSE: CABO) announced a conference call on November 5, 2020, at 5 p.m. ET to discuss its third-quarter financial results. The call will be available via a live audio webcast on the Cable One Investor Relations website and through a dial-in option. Participants are encouraged to register or dial in shortly before the call. A replay of the call will be available until November 19, 2020. Cable One, serving over 900,000 customers in 21 states, offers broadband and entertainment services under the Sparklight® and Clearwave™ brands.
Cable One (NYSE: CABO) has transferred its Anniston, Alabama system, operating under the Sparklight® brand, to Hargray Communications in exchange for a minority equity stake. This move enhances Hargray's footprint in Alabama following its previous acquisition of USA Communications' assets. The integration will allow Sparklight customers to access Hargray's advanced services like 1 Gbps Internet and comprehensive business solutions. Hargray aims to maintain existing services during the transition while committing to community engagement and service excellence.
Cable One (NYSE: CABO) has announced a definitive agreement to acquire a 45% minority stake in Mega Broadband Investments (MBI) for approximately $574.1 million in cash. This strategic investment aims to enhance Cable One's commitment to providing reliable high-speed internet services, particularly in rural markets. MBI, operating under the Vyve Broadband brand, offers broadband and telecommunications services across 16 states, with a network passing around 630,000 homes. The transaction is expected to finalize in Q4 2020, with Cable One having future rights to purchase remaining interests in MBI.