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.
ENGLEWOOD, Colo., Nov. 10, 2021 /PRNewswire/ -- WOW! Internet, Cable & Phone (NYSE: WOW) announced participation in the RBC Global Technology, Internet, Media, and Telecom Conference. CEO Teresa Elder and CFO John Rego will engage in a fireside chat at 10:40 AM ET on November 16, 2021. A live webcast will be accessible on the company's investor relations website at ir.wowway.com. WOW! is a top broadband provider, serving 1.9 million consumers across 14 markets, including Michigan, Alabama, and Florida, with a focus on high-speed Internet, cable TV, and phone services.
WideOpenWest reported Q3 2021 results showing a total revenue of $184.0 million, up $0.9 million from Q3 2020. High-speed data (HSD) revenue rose 15% to $103.3 million. Despite these gains, the company faced a net loss of $21.2 million. The Pro Forma Adjusted EBITDA was $66.7 million, up 6%, and the Pro Forma Adjusted EBITDA margin improved to 36.3%. Free Cash Flow reached $30.7 million, contributing to a historic low leverage ratio of 2.6x. Year-to-date revenue totaled $547.4 million with a net loss of $66.4 million, highlighting ongoing challenges alongside operational growth.
On November 1, 2021, WOW! Internet, Cable & Phone (NYSE: WOW) announced the successful completion of its sale of the Chicago, Evansville, Indiana, and Anne Arundel, Maryland service areas to Radiate HoldCo for $661 million. This transaction follows a prior sale of its Cleveland and Columbus, Ohio areas, generating a total of $1.8 billion in gross proceeds. The sales allow WOW! to reduce debt and enhance its financial position while focusing on its broadband-first strategy and transitioning services smoothly to Astound Broadband.
WOW! Internet, Cable & Phone (NYSE: WOW) will hold a webcast and conference call on November 8, 2021, at 8:00 a.m. ET to discuss its third-quarter 2021 financial results. An early news release will be issued that morning. The conference call will be available via the investor relations website, with dial-in options for participants. A replay will be accessible starting November 8, 2021, at 11:00 a.m. ET, until November 19, 2021.
WOW! Internet, Cable & Phone (NYSE: WOW) has successfully completed the sale of its Cleveland and Columbus, Ohio service areas to Atlantic Broadband for $1.125 billion. The company plans to utilize approximately $1 billion in net proceeds to reduce its debt. This transaction is part of a broader strategy involving the sale of five service areas for a total of $1.8 billion, which will fortify WOW!'s financial position and support its broadband-first initiatives. The remaining sale, involving Chicago and other areas, is expected to finalize in Q4 2021.
WideOpenWest, Inc. (WOW) reported a revenue of $287.3 million for Q2 2021, an increase of 2% from Q2 2020. The net income reached $12.4 million with diluted EPS of $0.15, compared to $2.2 million and $0.03 in the previous year. High-speed data (HSD) revenue rose by 14% year-over-year, totaling $156.4 million. WOW added 3,400 HSD RGUs in the quarter. The company announced plans to sell five service areas for $1.8 billion, enhancing financial strength. Adjusted EBITDA was $117.8 million, with margins at 41%.
WideOpenWest, Inc. (WOW) reported a total revenue of $287.3 million and a net income of $12.4 million for Q2 2021, marking a 2% increase year-over-year. High-Speed Data (HSD) revenue rose by 14% to $156.4 million, contributing to an Adjusted EBITDA of $117.8 million, a 16% increase from last year. The company added 3,400 HSD RGUs in the quarter. WOW! announced two transactions to sell five service areas for $1.8 billion, enhancing financial strength. Year-to-date revenue reached $573.6 million with a free cash flow of $41.4 million.
WOW! Internet, Cable & Phone (NYSE: WOW), a prominent broadband services provider, announced that Teresa Elder, CEO, and John Rego, CFO, will hold a Fireside Chat at the KeyBanc Technology Leadership Forum on August 10, 2021, at 12:40 PM EST. A live webcast will be available on their investor relations website. WOW! serves three million consumers in 19 markets across the Midwest and Southeast, specializing in high-speed internet, cable TV, and phone services.
WOW! Internet, Cable & Phone (NYSE: WOW) will host a conference call on August 5, 2021, at 8:00 a.m. ET to discuss its Q2 2021 financial and operating results. A press release with the results will be issued earlier that morning. Investors can participate via live webcast on the company's investor relations website or by telephone. The replay will be available post-call on the website and via telephone until September 3, 2021. WOW! continues to be a leading broadband provider, serving three million customers across 19 U.S. markets.
WOW! Internet, Cable & Phone (WOW) has signed agreements to sell its service areas in Cleveland, Columbus, Chicago, Evansville, and Anne Arundel for a total of $1.786 billion. Atlantic Broadband will acquire the Cleveland and Columbus areas, while Astound Broadband will take over the Chicago, Evansville, and Anne Arundel markets. These transactions aim to strengthen WOW's broadband growth strategy and reduce its leverage ratio from 5.0x to 2.5x. The sales are expected to close in the latter half of 2021, subject to regulatory approvals.
