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., commonly known as WOW!, is a leading broadband services provider in the United States. Established in 1996, the company initially offered cable TV services in Illinois, Michigan, Ohio, and Indiana. Over the years, it has expanded its portfolio to include digital cable, HDTV, DVRs, high-speed internet, and local and long-distance phone services. The company significantly broadened its reach in 2012 by acquiring Knology, Inc., thus adding markets in Tennessee, Alabama, Georgia, South Carolina, Florida, Kansas, Minnesota, and Iowa.
WOW! is privately owned by Avista Capital Partners and has its corporate offices in Denver. The company's mission is to provide reliable and affordable broadband solutions, focusing on customer satisfaction and quality service. WOW! serves nearly 2 million residential, business, and wholesale consumers across 16 markets primarily located in the Midwest and Southeast, including Michigan, Alabama, Tennessee, South Carolina, Georgia, and Florida.
The company's service portfolio includes high-speed internet, data, voice, cloud services, and cable television. WOW! has been recognized multiple times for its exceptional human resources practices, winning the National Association for Business Resources' Best & Brightest Company to Work For award ten times, including six consecutive years from 2018 to 2023.
Recent achievements include the groundbreaking of an all-fiber network in Hernando County, Florida, and Livingston County, Michigan, part of the company's largest market expansion in its 25-year history. This initiative aims to add 80,000 homes to WOW!'s Michigan footprint and 44,000 homes in Hernando County. The expansion aligns with the company's goal to provide state-of-the-art, reliable fiber networks with simplified pricing and exceptional customer service.
Financially, the company reported a total revenue of $161.5 million for Q1 2024, with a net loss of $15 million, but showed growth in high-speed data revenue and Adjusted EBITDA. WOW! continues to manage its cost base aggressively while making strides in market expansion and service improvements. With plans to introduce more innovative services in the future, WOW! remains committed to meeting the evolving needs of its customers.
WOW! Internet, Cable & Phone (NYSE: WOW) has reported that it is actively repairing network damage caused by a recent tornado in Newnan, Georgia. Currently, services have been restored to approximately one-third of affected customers. NuLink engineers are working to restore full connectivity as debris is cleared and safety is ensured. In support of the local community, free WiFi hotspots have been made available at key locations. WOW! emphasizes the critical need for internet access post-disaster, as restoration efforts continue.
WOW! Internet, Cable & Phone (NYSE: WOW) launched Local Advantage, an advertising promotion aimed at assisting small business customers during the COVID-19 pandemic. This initiative offers featured spots in WOW! Business commercials, enhancing visibility without additional costs. Customers can benefit from a 12-week advertising campaign across local networks. The company also recently introduced a Business Home Office Solution to help businesses adapt to remote work. This reflects WOW!'s commitment to support local businesses during challenging times.
WOW! Internet, Cable & Phone (NYSE: WOW) will participate in the Deutsche Bank Media, Internet & Telecom Conference on March 9, 2021 at 10:00 a.m. EST. CEO Teresa Elder and CFO John Rego will represent the company during this event. A live webcast of their presentation will be available on WOW!'s investor relations website. WOW! is a leading broadband provider in the U.S., serving over three million residential and business customers across 19 markets.
WideOpenWest reported Q4 2020 revenue of $293.2 million and net income of $3.1 million, with diluted EPS at $0.04. High-speed data (HSD) revenue rose 13.4% to $150.7 million, contributing to full-year revenue of $1.148 billion and net income of $14.4 million. HSD RGUs increased by 32,300 for the year. Adjusted EBITDA was $123.2 million (42.0% margin). Operating expenses decreased by 6%, while SG&A rose by 23%. Capital expenditures totaled $234.1 million. Despite COVID-19 impacts of $12.7 million, the company anticipates Q1 2021 revenue between $281-284 million.
WOW! Internet, Cable & Phone (NYSE: WOW) has launched Fiber Flex, a new cost-effective high-speed data service aimed at supporting small and medium-sized businesses affected by the COVID-19 pandemic. With a significant percentage of these businesses struggling financially, Fiber Flex offers reliable internet access at reduced costs, allowing them to manage operational goals without sacrificing essential services. The new service is available in seven markets across Alabama, Tennessee, Indiana, Georgia, Ohio, South Carolina, and Florida.
WOW! Internet, Cable & Phone (NYSE: WOW) will host a webcast on February 24, 2021, at 5:00 p.m. ET to discuss its fourth quarter and full-year financial results for 2020. The earnings release will be issued after market hours on the same day. Interested participants can join the call via a designated number. WOW! serves millions in 19 markets primarily in the Midwest and Southeast, providing advanced broadband services.
WOW! Internet, Cable & Phone has appointed Rose Jerez as the new Vice President of Customer Success, reflecting the company's commitment to enhancing customer satisfaction. Jerez, who brings 25 years of experience in the media and entertainment industry, previously worked at FOX and DIRECTV/AT&T. Her leadership aims to improve the overall customer journey and experience as the broadband industry evolves. WOW! serves 3 million customers across 19 markets, focusing on providing high-speed internet, cable TV, and phone services at competitive prices.
WOW! Internet, Cable & Phone (NYSE: WOW) announced that its Android TV-based product, WOW! tv+, is now accessible to nearly 95% of its service areas. This service offers traditional TV features along with cloud DVR, voice control, and access to various apps. Launched initially in Columbus, Ohio, in March, WOW! tv+ has gained popularity among customers who appreciate its affordability and extensive customization options. It is available in multiple markets, including Alabama and Georgia, and integrates seamlessly with devices like Amazon's Fire TV stick, enhancing user experience.
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