M&A Deal Summary

Cable ONE Acquires Fidelity Communications

On April 1, 2019, Cable ONE acquired communications company Fidelity Communications for 526M USD

Acquisition Highlights
  • This is Cable ONE’s 4th transaction in the Communications sector.
  • This is Cable ONE’s 4th largest (disclosed) transaction.
  • This is Cable ONE’s 4th transaction in the United States.
  • This is Cable ONE’s 2nd transaction in Missouri.

M&A Deal Summary
Date 2019-04-01
Target Fidelity Communications
Sector Communications
Buyer(s) Cable ONE
Deal Type Add-on Acquisition
Deal Value 526M USD

Target

Fidelity Communications

Sullivan, Missouri, United States
Fidelity Communications Co. is a family-owned cable operator that has been providing residential and business services to customers throughout greater Arkansas, Illinois, Louisiana, Missouri, Oklahoma, and Texas for nearly 80 years. Fidelity’s network passes approximately 190,000 homes and it has approximately 114,000 residential primary service units (“PSUs”) and 20,000 business PSUs. Fidelity is headquartered in Sullivan, Missouri.

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Buyer(S) 1

Buyer

Cable ONE

Phoenix, Arizona, United States
Category Company
Founded 1983
Sector Internet Software and Services
DESCRIPTION

Cable ONE, Inc., provides high-speed Internet, cable television and telephone services.

DEAL STATS #
Overall 4 of 6
Sector (Communications) 4 of 6
Type (Add-on Acquisition) 4 of 5
State (Missouri) 2 of 2
Country (United States) 4 of 6
Year (2019) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Clearwave Communications

Harrisburg, Illinois, United States

Clearwave Communications is a facilities-based service provider that owns and operates a high-capacity fiber network offering dense regional coverage in Southern Illinois. Clearwave Communications was established in 1996 and is based in Harrisburg, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 Hargray Communications Group

Hilton Head, South Carolina, United States

Hargray Communications Group, Inc. is a telecommunications provider serving southeastern South Carolina and northeastern Georgia. The company's operations include traditional telephone carrier services, internet services, cable television, wireless telephone, and a telephone directory publishing operation. Hargray Communications Group was founded in 1949 and is based in Hilton Head, South Carolina.

Buy $2.2B
Mergr

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