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WideOpenWest, Inc. (WOW) operated as WOW! Internet, TV & Phone, a U.S. broadband provider serving residential, business and wholesale customers across markets primarily in the Midwest and Southeast. Company updates centered on high-speed Internet, cable TV, home phone, mobile phone, business data, voice and cloud services, along with expansion of all-fiber greenfield networks in Florida, Michigan and South Carolina.
Recurring news categories included operating and financial results, subscription revenue and ARPU trends, broadband customer metrics, network expansion milestones, community partnerships and capital-structure or governance developments. Later corporate-status updates documented the completed merger transaction, the cessation of NYSE trading in WOW common stock and related delisting and deregistration steps.
WOW! Internet, TV & Phone (NYSE: WOW) and the Augusta GreenJackets have concluded another successful MiLB season honoring outstanding educators in the Central Savannah River Area (CSRA) through the WOW! Teacher of the Month Award. For the seventh consecutive year, the program recognized teachers who excel in creating positive educational experiences. Five teachers were honored during home games at SRP Park, each receiving $500 for classroom expenses, four GreenJackets tickets, and a commemorative plaque.
Additionally, WOW! participated in the Stuff the Bus Annual School Supply Drive, benefiting the United Way of the CSRA. This initiative helps alleviate financial burdens for families during back-to-school shopping. WOW! continues to support the CSRA community by providing internet, phone, and TV services to the GreenJackets' stadium, SRP Park.
WideOpenWest (WOW!) reported Q2 2024 results with total revenue of $158.8 million, down 8% year-over-year. High-speed data (HSD) revenue was $105.0 million, a slight 1.6% decrease. The company posted a net loss of $10.8 million for the quarter. However, Adjusted EBITDA increased 2.8% to $70.0 million with a 44.1% margin. WOW! passed approximately 8,900 new homes in Greenfield and Edge-out markets. The company experienced a net loss of 4,700 HSD subscribers, partly due to discontinuing the Affordable Connectivity Program. WOW! provided Q3 2024 guidance, projecting HSD revenue of $106.0-$109.0 million and total revenue of $157.0-$160.0 million.
WideOpenWest, Inc. (NYSE: WOW), a leading U.S. broadband provider, has announced its plans to release second quarter 2024 financial results on Thursday, August 8, 2024. The company will host a webcast and conference call at 4:30 p.m. ET to discuss these results. Investors can access the live broadcast on WOW!'s investor relations website at ir.wowway.com. For those preferring to participate via telephone, domestic callers can dial (800) 715-9871, while international callers should use (646) 307-1963, both using the conference ID 9830786. A replay of the call will be made available on the investor relations website for those unable to attend the live event.
WOW! Internet, TV & Phone (NYSE: WOW) has been named one of the Best Companies To Work For In Florida by Workforce Research Group and Florida Trend. This recognition follows WOW!'s selection as a Best and Brightest Company to Work For in the Nation® for the 7th consecutive year. The company has been expanding its presence in Central Florida, bringing its all-IP fiber network to more communities.
WOW! was honored for its focus on employees and creating a work culture that instills pride. The company has been recognized for success in areas such as general employee experience, role satisfaction, communication, workplace culture, diversity and inclusion, leadership, and work-life balance. This award comes as WOW! continues to grow its footprint across Florida, serving customers in various Central Florida communities and creating more opportunities for employee growth and success.
WOW! Internet, TV & Phone (NYSE: WOW) has been named a 2024 Best and Brightest Company to Work For in the Nation® for the 11th time and 7th consecutive year by the National Association for Business Resources (NABR). This recognition highlights WOW!'s commitment to fostering an inclusive workplace and providing employees with opportunities for success.
The company has enhanced its local involvement through volunteer opportunities and improved employee engagement via learning and development programs. WOW! employees praised the company for its customer focus, professional growth opportunities, and teamwork across departments.
The NABR evaluated WOW! based on various factors, including employee achievement, communication, work-life balance, diversity and inclusion, and strategic company performance. WOW! has also been recognized as a Best and Brightest Company to Work For in Atlanta, Chicago, Metro Detroit, and Denver.
WOW! Internet, TV & Phone (NYSE: WOW) announced a $10,000 donation to Rebuild Upstate, a nonprofit in Greenville, SC, to support affordable housing. The donation coincides with the launch of WOW!'s all-fiber network in Mauldin, SC. WOW! employees also participated in volunteer work, constructing a ramp and handrails for a local homeowner. This initiative is part of WOW!'s plan to strengthen community ties and expand its Greenfield market in Greenville County, including Five Forks, Fountain Inn, and Simpsonville. The company is known for reliable broadband services with no annual contracts and no data caps.
WOW! Internet, TV & Phone (NYSE: WOW) announced the expansion of its all-fiber services to five new communities in Central Florida, including Longwood, Sanlando Springs, Lake Mary, Winter Springs, and Sanford. This addition brings WOW!'s services to nine communities in the region since its first Greenfield activation in 2023. The company plans further construction in nearby areas to extend its high-speed network. CEO Teresa Elder highlighted the company's successful growth and commitment to providing reliable broadband services. WOW! offers all-inclusive pricing with no annual contracts or data caps, along with comprehensive business solutions and bundling options with YouTube TV. Additionally, WOW! is advancing its network technology, aiming for a future 10 Gbps network and faster symmetrical speeds with multi-gig WiFi 6E.
WOW! Internet, TV & Phone (NYSE: WOW) has announced preparations for the 2024 hurricane season, anticipating above-normal activity. The company is proactively testing network resilience, fortifying infrastructure, and updating crisis management plans to ensure quick and safe responses to service interruptions. According to NOAA, the 2024 Atlantic hurricane season, from June to November, is predicted to have 17-25 named storms, 8-13 hurricanes, and 4-7 major hurricanes. WOW! has mobilized critical teams and resources and provided safety tips for residents to minimize disruptions. The company emphasizes the importance of internet connectivity during severe weather and offers guidance on maintaining service continuity.
WOW! Internet, TV & Phone, a leading broadband services provider, has received a $2.39 million grant from the Alabama Department of Economic and Community Affairs (ADECA). This grant, combined with WOW!'s own $1.02 million contribution, brings the total investment to $3.41 million. The funds will be used to expand WOW!'s fiber network to underserved areas in Houston and Henry Counties in southeastern Alabama, targeting nearly a thousand homes. This initiative aims to provide reliable, high-speed broadband services to more residents and businesses, enhancing quality of life and supporting economic development. WOW! currently serves the communities of Headland in Henry County and Dothan in Houston County.
On May 3, 2024, WideOpenWest (NYSE: WOW) received an unsolicited non-binding proposal from DigitalBridge Investments, and various Crestview entities to purchase all outstanding shares of WOW not currently owned by Crestview for $4.80 per share in cash. Bleichmar Fonti & Auld LLP (BFA) is investigating this proposal for potential conflicts of interest and fairness in the process. BFA encourages shareholders to seek additional information and consider their legal options, as all representation is on a contingency fee basis. BFA is a top international law firm known for its success in securities class actions and shareholder derivative litigation.