Ma– Verizon Wireless has entered into an agreement with Triangle Mobile to, among other things, purchase Triangle’s LTE in Rural America ( LRA) assets which serve Triangle’s current coverage area. Mergers & Acquisitions: Verizon Wireless Purchasing Triangle Mobile This will result in Cable One acquiring 100% of the ownership interests of Hargray, as well as control of Hargray and its licensees. Pursuant to the terms of an Agreement and Plan of Merger, Lighthouse Merger Sub LLC, a Delaware limited liability company, will merge with and into Hargray, with Hargray continuing as the surviving entity and becoming a wholly owned subsidiary of Cable One. Through its Sparklight and Clearwave brands, Cable One provides high-speed internet and advanced Wi-Fi solutions, cable television and phone service to more than 950,000 residential and business customers. The services are provided to residential and business customers in 14 markets across Alabama, Florida, Georgia, and South Carolina.Ĭable One provides telecommunications services, broadband services, and other services in 21 states. Hargray Acquisition is a South Carolina holding company that provides communications services through 10 companies that hold FCC licenses: (1) Low Country Carriers, Inc. The deal for the outstanding equity implies a $2.2 billion total enterprise value for 100% of the equity interests of Hargray on a debt-free and cash-free basis. Cable One acquired a minority interest in Hargray Communications in exchange for Cable One’s assets in Anniston, Alabama and surrounding areas in October 2020, and in February 2021, announced it was purchasing the remaining 85% of Hargray. Comments are due on or before March 26, 2021, and reply comments are due April 2, 2021. requesting approval to transfer control of Hargray to Cable One. Ma– The FCC’s Wireline Competition Bureau is seeking comment on a Section 214 application filed by Hargray Acquisition Holdings, LLC and Cable One, Inc. Mergers & Acquisitions: Cable One Files FCC Application For Purchase Of Hargray Communications
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