Cablefax The Magazine - September 2021 - 13

It is worth noting that Cable One has been interested in rural systems
long before rural was cool. The 2017 acquisition of NewWave
Communications, which operated in what Cable One termed " nonurban
markets similar to ours " is a case in point.
" Today's infatuation with rural broadband seems intuitively obvious-lower
penetration and less competition can only be a good
thing for growth-but when Cable One started down the rural path,
those systems were still out of favor, " Moffett explains.
To extend broadband into rural markets, Cable One has a stated
technology-agnostic philosophy and has sought out companies with
an expertise in areas Cable One wants to strengthen.
There was the 2018 acquisition of Clearwave Communications,
for example, which brought 2,400 route miles of metro fiber to
the table. And the 2020 addition of FTTH provider, ValuNet, which
Cochran says had an " excellent competitive mindset " that Cable One
could learn from. Thinking outside the technology box has even led
to the world of fixed wireless, with Cable One taking a 40% interest
in Wisper and a 10% stake in NextLink. " [These deals] are reflective
of our belief that the best way to learn is to do, " Cochran says.
Moving forward, Cable One is busy with integrating Hargray and
Fidelity Communications, which was brought into the fold in 2019.
The near future will be focused on investment and/or " small tuck-in "
acquisitions, Cochran says.
However, with the video-light rural focus cat out of the bag, it might
prove harder to find attractive candidates for acquisition. " Cable
One's success means that smaller, privately held operators are
demanding much bigger paydays to convince them to sell, " Moffett
notes. - Monta Monaco Hernon
FAST FACTS
„ Cable One's footprint spans 24 states across the West,
Midwest and South, with the company serving more
than 1.1 million residential and business customers.
„ Last year, Cable One purchased a 45% stake
in Mega Broadband Investment Holdings, which
operates as Vyve Broadband. It has the right
to purchase remaining interests in 2023.
„ The company invested in fixed wireless
ISPs Wisper of Missouri and NextLink of
Texas. It chose to buy into ISPs that operate in
states that are part of its existing footprint.
CableOne Cablefax Congrats Ad July2021 final outlined.indd 1
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September 2021
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Cablefax The Magazine - September 2021

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