Cable ONE (CABO) Reports Acquisition of Hargray Communications

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Cable One to Acquire Hargray Communications

February 15, 2021 7:45 AM EST

PHOENIX--(BUSINESS WIRE)-- Cable One, Inc. (NYSE: CABO) (the Company or Cable One) today announced it 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.... More