Cable One, Inc. has entered into a definitive agreement to acquire the equity interests in Hargray Acquisition Holdings, LLC (“Hargray”) that it does not already own. The equity interests to be acquired by Cable One represent approximately 85% of Hargray on a fully diluted basis. Cable One has been a minority investor in Hargray since October 1, 2020, when the Company contributed its system serving Anniston, Alabama and surrounding areas to Hargray in exchange for equity interests representing approximately 15% of Hargray on a fully diluted basis. The transaction, which implies a $2.2 billion total enterprise value for 100% of the equity interests of Hargray on a debt-free and cash-free basis, will expand Cable One’s presence into the Southeastern U.S. and enable Cable One to capitalize on Hargray’s experience and expertise in fiber expansion.
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Bulk Fiber Networks announced today that it has engaged APTelecom to serve as its International Sales Partner to assist with the monetization of HAVFRUE, a new submarine cable system providing connectivity across the Atlantic.
HGC Global Communications Limited (HGC) launched Eyeball-as-a-Service™ (EaaS) in Singapore to help international Over-The-Top (OTT) operators, content providers and e-commerce companies expand their footprint across wide geographical landmasses at high-speed, low latency and best-in-class service-level agreements (SLA) to fulfil the extensive applications fueled by 5G edge computing.
Windstream Enterprise (WE) has attained MEF 3.0 SD-WAN services certification for its VMware-powered SD-WAN, validating conformance to the industry’s first global standard defining SD-WAN and its service attributes. This recognition from MEF entrusts Windstream Enterprise with shaping the direction and growth of the SD-WAN services market through industry standardization and certification of services, technologies and professionals.
Intelsat SA has obtained the support of key creditor constituencies on the terms of a comprehensive financial restructuring that would reduce the Company’s debt by more than half – from nearly $15 billion to $7 billion – and position the Company for long-term success.