Wideopenwest Stock Price, News & Analysis

WOW! Internet, Cable & Phone (NYSE: WOW) is advancing its Greenfield expansion strategy by promoting key leaders and acquiring a new facility to support operations in Seminole and Orange Counties, Florida. Michael Healy has been appointed director of government affairs, focusing on strategic partnerships, while Artney Dennis is now operations manager for Central Florida. These efforts aim to enhance WOW!'s fiber-to-the-home network and improve service delivery in new markets, reinforcing the company's commitment to high-speed internet services.

WOW! Internet, Cable & Phone (NYSE: WOW) is reinforcing its network and emergency response teams ahead of the 2022 hurricane season, which begins on June 1. With forecasts predicting 14-21 named storms and 6-10 hurricanes, WOW! is committed to ensuring service continuity. The company emphasizes the importance of internet access during emergencies and has put in place crisis management plans. Additionally, WOW! provides tips for residents to prepare, including preloading their website and keeping emergency contacts accessible.

WideOpenWest reported first-quarter 2022 revenue of $174.6 million, down 4% year-over-year. However, High-Speed Data (HSD) revenue increased by 4% to $100.1 million. The company's net income was $5.7 million, a significant improvement from a net loss of $22.7 million a year earlier. Pro Forma Adjusted EBITDA rose 8% to $66.4 million, achieving a margin of 38%. The firm is expanding its Greenfield projects, targeting 400,000 homes by 2027 with a capital investment of $400 million. Operating expenses decreased by 11%.

WOW! Internet, Cable & Phone announced a significant increase in its Greenfield expansion plans, doubling its investment to $400 million and aiming to pass 400,000 homes by 2027. This expansion, which includes nearly 30,000 homes in Greenville County, South Carolina, will boost WOW!'s total homes passed by 21%. The company also raised its Central Florida expansion expectations from 100,000 to 150,000 homes. These developments are part of WOW!'s strategy to address the increasing demand for high-speed broadband services across its service areas.

WOW! Internet, Cable & Phone (NYSE: WOW) announced it will host a webcast and conference call on May 9, 2022, at 8:00 a.m. ET to discuss its first-quarter 2022 financial results. A press release with the results will be issued earlier that day. Interested parties can participate by phone or via the company's investor relations website. A replay will be available on the same day at 11:00 a.m. ET and will remain accessible until May 23, 2022.

WOW! Internet, Cable & Phone (NYSE: WOW) announced its participation in upcoming investor conferences. The events include:

• March 7, 2022, at 1:40 PM EST - Raymond James 43rd Institutional Investor Conference
• March 9, 2022, at 4:30 PM EST - KeyBanc Emerging Technology Summit

A live webcast of these presentations will be available on the company's investor relations website. WOW! serves 1.9 million customers across 14 markets, focusing on broadband services in the Midwest and Southeast.

WideOpenWest (WOW) reported its financial results for Q4 and full year 2021, showing total revenue from continuing operations of $178.3 million for Q4 and $725.7 million for the year, marking declines of 5% and 1% respectively. However, high-speed data (HSD) revenue increased by 5% in Q4 and 11% for the year. Despite a net loss of $2.2 million for Q4 and $68.6 million for the year, the company achieved a Pro Forma Adjusted EBITDA of $69 million in Q4 and $261.6 million for the year, up 9%. The credit rating was upgraded by Moody's and S&P, and new greenfield markets were launched in Florida.

On Feb. 24, 2022, WOW! Internet, Cable & Phone (NYSE: WOW) announced a $40 million investment to expand its all-IP fiber network into Orange County, Florida, targeting areas like Maitland and Fairview Shores. This initiative aims to enhance service in a region with rising demand for reliable broadband. Following its recent entry into Seminole County, WOW! plans to reach over 40,000 homes in the northern Orlando suburbs. CEO Teresa Elder emphasized the strategic importance of this expansion for the company's growth.

WOW! Internet, Cable & Phone (NYSE: WOW) has announced a partnership with Reach Mobile to offer discounts on mobile services for WOW! high-speed internet customers. The collaboration allows customers to save up to $10 monthly on WOW! mobile bills, powered by Reach's extensive 5G network. This move enables WOW! to enter the wireless market, addressing the growing demand for broadband and mobile services, with forecasts indicating that 53% of the U.S. workforce will work remotely in 2022.