Highlights

  • Cable One to acquire remaining 55% stake in Mega Broadband Investments
  • Transaction expands footprint across Southeast, Northwest, and Mid-South regions
  • Deal expected to close in the fourth quarter of calendar year 2026

Cable One, Inc. (NYSE:CABO) has entered into a definitive agreement to acquire all outstanding equity interests in Mega Broadband Investments Holdings LLC (MBI) that it does not already own. Upon completion, MBI will become a wholly owned subsidiary of Cable One, marking a shift to full ownership of the Vyve Broadband platform.

MBI is a provider of broadband services operating under the Vyve Broadband brand, serving commercial and residential customers across the Southeast, Northwest, and Mid-South United States. Its offerings include broadband, fiber connectivity, video, and voice services. For the 12 months ended September 30, 2025, MBI reported total revenues of approximately USD 310 million, with around 210,000 residential and business data customers. As of the same date, its network footprint covered roughly 675,000 passings.

Strategic Rationale

Cable One currently holds a 45% ownership stake in MBI, with the remaining interests owned by certain affiliates of GTCR LLC and MBI management. The transaction follows the exercise of a previously established put option by the GTCR Investors on January 2, 2026, requiring Cable One to purchase the remaining equity interests.

Todd Koetje, Cable One Interim CEO and CFO, said:

“We are excited about the opportunity to acquire full ownership in MBI. Our strategic investment in MBI reflects our continuing commitment to provide rural America with reliable high-speed internet service. MBI has developed an excellent network in geographies that will be complementary to our existing footprint, enable us to expand our overall market footprint and enhance our long-term growth prospects. Their operating model and local-first focus is in line with our own operating philosophy and we look forward to combining with them and welcoming their exceptional team of associates to Cable One.”

Transaction Structure and Financing

Under the agreement, Cable One will pay a purchase price for the remaining 55% of MBI based on a formula tied to a multiple of MBI’s adjusted EBITDA and its total net indebtedness. Based on current information, the purchase price is expected to range between approximately USD 475 million and USD 495 million. MBI’s total net indebtedness at closing is expected to be approximately USD 845 million to USD 895 million, primarily in term loans maturing in November 2027.

Cable One plans to fund the acquisition using a mix of cash resources and debt, which may include borrowings under its existing USD 1.25 billion revolving credit facility or new debt instruments. The transaction remains subject to customary closing conditions, with completion anticipated on October 1, 2026. Cravath, Swaine & Moore LLP is acting as legal advisor to Cable One.

CABO closed at USD 100.38 on January 05, 2026.