Cable One will acquire South Carolina-based Hargray Communications in a deal valued at $2.2 billion. Cable One has owned 15% of Hargray since October, 2020 when it contributed its Anniston, Ala., system to Hargray in exchange for the equity interest.

The purchase price represents 17.2x multiple of Hargray’s 4Q LQA adjusted EBITDA before taking into account estimate run-rate synergies and 12.7x after assuming the immediate realization in full of the $45 million in estimated run-rate synergies that Cable One expects to realize within three years of closing the transaction.

With Hargray serving 14 markets across Alabama, Florida, Georgia and South Carolina, the transaction will expand Cable One’s presence in the Southeastern US. Hargray offers gigabit capable services to approximately 99% of its sub base and generated approximately $128 million in Adjusted EBITDA in 4Q20.

More details should come during Cable One’s earnings call Thursday.

The Daily


Comcast Expands Prepaid With Mobile, Internet Plans

Comcast introduced a prepaid brand Wednesday under which it will offer low-cost internet, mobile and streaming products. The brand will be called NOW, and the portfolio was created largely in response to the

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up


Apr 25
2024 Cablefax 100 Awards Magazine Release: April 25, 2024
Jun 13
2024 American Broadband Congress Conference Registration is Open!
Jun 26
2024 FAXIES Awards Nominations Are Open!
Full Calendar


Seeking an INDUSTRY JOB?

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Rob Hudgins, [email protected], for more information.