WOW! Completes $661 Million Sale of Three Service Areas to Astound Broadband

WOW! Internet, Cable & Phone, a leading broadband service provider, announced the completion of the sale of its Chicago (IL), Evansville (IN) and Anne Arundel (MD) service areas to the Astound Broadband group for $661 million. The completion of the Astound Broadband transaction follows WOW!’s completed sale of its Cleveland and Columbus, Ohio service areas to Atlantic Broadband, announced in September 2021. Combined, the two transactions have generated gross proceeds of $1.8 billion, enabling WOW! to significantly lower its debt, strengthen the company’s financial position and accelerate its broadband-first strategy. “The completion of the Astound Broadband transaction is another important step in the execution of our broadband-first strategy,” said Teresa Elder, CEO of WOW!. “We remain committed to providing customers with reliable, accessible and fast broadband solutions, and now we have an even greater ability to enhance our network and expand our footprint through greenfield and Edge-out opportunities.”