- The deal is expected to close sometime in the first quarter of 2026
- WOW! aims to continue its ongoing cable upgrades and fiber expansion
- Crestview is now WOW!'s largest shareholder
The dominos just keep on falling with telecom consolidation, with operator WideOpenWest! (WOW!) officially going private. Private equity firms DigitalBridge and Crestview Partners announced Monday plans to acquire the cable company for $1.5 billion.
The deal, expected to close sometime in the first quarter of 2026, aims to help WOW! continue its ongoing cable upgrades and fiber expansion. The company's board of directors unanimously approved the transaction, with Crestview being WOW!'s largest shareholder.
"We believe this transaction positions the company to deliver meaningful benefits to its customers and the communities it serves," stated Jonathan Friesel, senior managing director and head of fiber at DigitalBridge in a statement. "We intend to invest in expanding and upgrading WOW!’s networks, adopting new technologies, and ensuring the organization has the resources and support needed to continue delivering fast, reliable internet service and a high-quality customer experience at competitive prices.”
Headquartered in Englewood, Colorado, WOW! serves around 4.7 million copper, cable and DSL subscribers in seven states, per BroadbandNow.
This is a developing story.