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About WideOpenWest Inc (WOW)
WideOpenWest Inc (WOW) is a prominent broadband services provider that delivers a comprehensive suite of advanced communication solutions including high-speed Internet, digital cable, HDTV, home phone, mobile services, and cloud-based business solutions. Established in the mid-1990s and expanding through strategic acquisitions, WOW now operates primarily in the Midwest and Southeast regions, serving diverse communities in states such as Illinois, Michigan, Indiana, Ohio, Kansas, Tennessee, Maryland, and South Carolina.
At its core, WOW relies on a robust subscription-based revenue model, providing reliable digital cable and high-speed broadband services to residential, business, and wholesale customers. Its ongoing fiber network expansion and greenfield initiatives underscore the company’s commitment to technological innovation and network efficiency, which are instrumental in meeting the evolving demands of today’s digital economy.
Services, Market Position, and Operational Excellence
WOW boasts an extensive service portfolio that includes:
- High-Speed Internet: Offering both fiber-based and traditional broadband solutions tailored for homes and businesses.
- Digital Cable and HDTV: Delivering a wide range of entertainment options with advanced digital features.
- Voice and Communication Services: Providing local and long-distance voice services along with integrated mobile offerings.
- Cloud and Data Services: Empowering businesses with secure and scalable solutions for data management and connectivity.
In a competitive market, WOW differentiates itself with simplified pricing, consistent service quality, and a continual focus on infrastructure enhancement. Its experienced management team and disciplined operational strategy prioritizes cost efficiency and network performance, making WOW a significant player in the evolving broadband and telecommunications industry.
The company’s enduring commitment to customer satisfaction and technological innovation has cemented its reputation as a reliable communications provider. This detailed overview emphasizes WOW's balanced approach to market expansion, technological excellence, and customer-centric service delivery, providing investors and industry observers with a comprehensive understanding of its business model and market significance.
WOW! Internet, Cable & Phone (NYSE: WOW) announces a conference call on May 4, 2021, at 8:00 a.m. ET to discuss the first quarter financial results. A press release will precede the call, providing detailed financial data. Interested parties can join via the investor relations website or by telephone. A replay will be available later that day and until June 2, 2021. WOW! serves three million customers across 19 markets in the Midwest and Southeast, focusing on delivering high-speed internet, cable TV, and phone services.
On April 1, 2021, WOW! Internet, operating as NuLink in Newnan, Georgia, announced that over 90% of its network has been restored following significant damage from a recent tornado. Restoration efforts are ongoing, focusing on areas west of Jackson and Greenville Streets. The company has provided free community WiFi hotspots to assist residents in accessing essential services during the disruption. Despite challenges posed by the emergency, NuLink remains committed to restoring services promptly, adhering to local emergency management protocols.
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.