WOW! sells major chunk of its cable service footprint for $1.79B

[Y2kTheNewOldies]

U.S. cable operator WOW! has signed two separate deals to sell its Cleveland and Columbus, Ohio, service areas and its Chicago, Evansville, Indiana, and Anne Arundel, Maryland, service areas.


Atlantic Broadband, a fellow U.S. cable operator and subsidiary of Cogeco Communications, has agreed to acquire the Cleveland and Columbus markets for $1.125 billion. Astound Broadband, a telecommunications holding company, has agreed to acquire WOW!’s Chicago, Evansville and Anne Arundel service areas for $661 million.

Total transaction gross proceeds will be approximately $1.786 billion. The transactions are expected to close in the second half of the year and, as part of the deals, WOW! has entered into Transition Services Agreements with both parties.

WOW! sells major chunk of its cable service footprint for $1.79B

U.S. cable operator WOW! | U.S. cable operator WOW! has signed two separate deals to sell its Cleveland and Columbus, Ohio, service areas and its Chicago, Evansville, Indiana, and Anne Arundel, Maryland, service areas.

www.fiercevideo.com

In the release Atlantic Broadband and Astound Broadband are named as the parties getting Wow's cable service.