Cable One Acquisitions Continue with Planned Hargray Purchase

Cable One has entered into a definitive agreement to purchase the 85% of Hargray Acquisition Holdings that it doesn’t already own. The deal, which implies a $2.2 billion total enterprise value for Hargray, is expected to close in the second quarter. Hargray offers gigabit-capable services to approximately 99% of its customers in 14 markets in Alabama, Florida, Georgia and South Carolina. Cable One, which offers service in 21 states, now focuses primarily on broadband, despite the word “cable” in its name. Like Hargray, the company has grown through acquisition. Cable One has had a minority interest in Hargray since2020, when it swapped assets to gain 15% of the company – a move that allowed Hargray to expand into Alabama. Hargray isn’t the only company in which Cable One has gained part ownership. In recent months, the company also purchased 45% of Mega Broadband Investments Holdings (MBI), which owns Vyve Broadband and other assets, 40% of Wisper ISP and 10% of Nextlink.