Welcome to our dedicated page for Wideopenwest news (Ticker: WOW), a resource for investors and traders seeking the latest updates and insights on Wideopenwest stock.
WideOpenWest Inc (WOW) provides essential broadband and digital communication services across 11 states, combining fiber network innovation with customer-focused solutions. This news hub offers investors and industry observers centralized access to verified updates about the company's strategic direction.
Discover timely information on earnings announcements, network expansion projects, and service enhancements that shape WOW's position in the competitive telecommunications sector. Our curated collection includes official press releases about infrastructure investments, partnership developments, and technological advancements in residential/business broadband solutions.
Key updates cover WOW's progress in fiber-to-the-home deployments, market expansion strategies, and customer growth metrics. Stay informed about regulatory developments and leadership changes impacting this NASDAQ-listed provider (WOW).
Bookmark this page for streamlined tracking of WOW's operational milestones. Combine these updates with SEC filings and market analysis for comprehensive investment research.
WOW! Internet, Cable & Phone, a broadband provider, is investing at least $60 million to launch its all-IP fiber network in Seminole County, Florida. This initiative is part of WOW!'s Greenfield project, which aims to expand into new markets. The service will benefit over 60,000 homes with high-speed internet and robust customer service. WOW! already operates in Pinellas County and Panama City and plans additional market expansions later this year. This investment emphasizes WOW!'s commitment to enhancing connectivity and broadband choice in growing communities.
WOW! Internet, Cable & Phone (NYSE: WOW) announced a $15,000 donation to the American Red Cross to assist communities impacted by recent tornadoes on December 10. Although none of WOW!'s service areas were affected, the donation aims to support relief efforts in Tennessee, Illinois, Ohio, and other affected regions. CEO Teresa Elder expressed hope that the contribution would provide relief to those in need. WOW! operates across 14 markets, primarily in the Midwest and Southeast, serving approximately 1.9 million consumers.
On December 21, 2021, WOW! (NYSE: WOW) announced the closing of a new Credit Facility, consisting of a $730 million term loan and a $250 million revolving credit line. This facility, arranged by Morgan Stanley and other banks, matures in December 2028 and has an interest rate of SOFR plus 3.00%. The proceeds will refinance existing debt and cover expenses. WOW! serves 1.9 million customers across 14 markets, focusing on high-speed internet, cable TV, and phone services. The company emphasizes quality service at competitive prices.
On December 14, 2021, WOW! Internet, Cable & Phone (NYSE: WOW) announced the launch of WOW! tv+ in Newnan, enhancing its service offerings for high-speed data (HSD) customers. This initiative follows the company's rebranding from NuLink in November. WOW! tv+ provides curated live channels, cloud DVR storage, and extensive on-demand content. The company emphasizes improved network reliability and offers residential and commercial speeds up to 1 Gig. WOW! also contributes to the community by supporting local high schools with a scholarship fund of $13,500 for college-bound students.
WOW! Internet, Cable & Phone (NYSE: WOW) has announced a new Credit Facility totaling $730 million in term loan B and $250 million in revolving credit. The facility is expected to close next week and will mature in December 2028, with an interest rate of SOFR plus 3.00%. The funds will be used to refinance existing debts and pay associated fees. The refinancing aims to optimize the company's financial structure amidst the competitive broadband market.
WOW! Internet, Cable & Phone (NYSE: WOW) has received a credit rating upgrade to BB- from S&P Global and B1 from Moody's Investors Service. This upgrade is attributed to the company using proceeds from the divestiture of service areas, with a total of $1.8 billion raised from key sales, to pay down debt. The latest sale, finalized on November 1, 2021, included Chicago, Evansville, and Maryland areas for $661 million. The stable outlook from both agencies suggests WOW! will have financial flexibility for expansion and growth.
WOW! Internet, Cable & Phone (NYSE: WOW) announced that its 1 gigabit high-speed internet service is now available to all residential and business customers in mid-Michigan, including Lansing and Potterville. This rollout emphasizes the company's commitment to providing fast and reliable internet, especially during the COVID-19 pandemic, where 90% of adults deemed internet essential. The announcement highlights the advantages of a 1 Gig connection in supporting multiple devices and high streaming demands. WOW! serves approximately 1.9 million customers across 14 markets, delivering a range of advanced broadband services.
WOW! Internet, Cable & Phone (NYSE: WOW) will host its Investor Day on December 9, 2021, at 12:30 p.m. ET. The event will feature key speakers including CEO Teresa Elder and CFO John Rego. Investors can access the live webcast on ir.wowway.com. WOW! serves over 1.9 million customers across 14 markets, primarily in the Midwest and Southeast, offering high-speed internet, cable TV, and phone services. The company is recognized for its strong workplace culture, winning multiple awards for employee satisfaction.
WOW! Internet, Cable & Phone (NYSE: WOW) has announced a scholarship program for students at Newnan, East Coweta, and Northgate high schools, providing $13,500 for the 2022-2023 academic year. The initiative aims to support up to three students from each school with $1,500 scholarships. This program aligns with WOW!'s commitment to the Newnan community following their transition from NuLink, including significant investments to enhance local services. Applications will be available between December and January, with winners announced in the spring.
