Cable One to Acquire Remaining 55% of Mega Broadband Investments

Cable One entered into a definitive agreement to acquire the 55% of Mega Broadband Investments Holdings LLC (MBI) it does not already own, giving it full ownership of the broadband provider. The acquisition was subject to customary closing conditions and was later temporarily restrained by a court order, so it remained pending in the later update. Cable One cited MBI’s complementary markets, a larger and more geographically diversified footprint, and opportunities to improve efficiency through scale.