Phoenix-based Cable ONE has entered into a definitive agreement to acquire cable operator NewWave Communications for $735 million in cash.
NewWave provides high-speed data, video and voice services to residential and business customers throughout Arkansas, Illinois, Indiana, Louisiana, Mississippi, Missouri and Texas. The company is headquartered in Sikeston, Mo., and is owned by funds affiliated with GTCR, a leading private equity firm based in Chicago.
NewWave’s network passes nearly 428,000 homes and has more than 214,000 residential and 31,000 business primary service units (PSUs). Cable ONE and NewWave combined will serve more than 1.2 million PSUs.