Cable One to Buy Out Vyve Broadband
Cable One said Monday that it's buying out Vyve Broadband, in which it already has a 45% stake. Full ownership of Vyve will provide "a larger and more geographically diversified operating footprint in attractive markets and unlock efficiency opportunities from…
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increased scale," Cable One said. The purchase price will be $475 million-$495 million, based on Vyve's adjusted earnings and total debt, and the transaction should close by Oct. 1. Vyve had roughly 675,000 passings across the Southeast, Northwest and Mid-South U.S. as of Sept. 30, according to Cable One.