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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 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.
WOW! Internet, Cable & Phone (NYSE: WOW), a prominent broadband provider in the U.S., has announced its participation in two upcoming virtual investor conferences. The presentations will take place on December 1, 2020, at 11:30 AM EST during the Credit Suisse 24th Annual Technology Conference, and on December 8, 2020, at 12:05 PM EST for the UBS Global TMT Virtual Conference. A live webcast of both presentations will be accessible through the company's investor relations website. WOW! serves over three million customers across 19 markets, focusing on high-speed Internet, cable TV, and phone services.
WOW! Internet, Cable & Phone (NYSE: WOW) announced CEO Teresa Elder and CFO John Rego will participate in virtual investor conferences on November 17 at 9:20 AM EST (RBC Global Technology Conference) and November 19 at 10:00 AM EST (Stephens Annual Investment Conference 2020). A live webcast will be available on the company’s investor relations website. WOW! serves over three million customers in 19 markets, offering high-speed internet, cable TV, and phone services.
WideOpenWest, Inc. (WOW) reported its third quarter financial results for 2020, showing total revenues of $288.7 million, a modest increase of 1.2% year-over-year. Net income was $9.0 million, down from $11.4 million in Q3 2019, resulting in diluted earnings per share of $0.11. High-Speed Data (HSD) revenues grew by 9.5%, totaling $142.6 million, while overall subscriber numbers reached 846,300, representing a 3.5% increase. Adjusted EBITDA decreased slightly to $113.5 million, reflecting a margin of 39.3%. Free cash flow for the quarter was $21.7 million.
WOW! Internet, Cable & Phone (NYSE: WOW) announced a webcast and conference call on November 5, 2020, at 5:00 p.m. ET to discuss its third-quarter financial results for the period ending September 30, 2020. A press release revealing these results will be issued after market close on the same day. The call can be accessed live via the company's investor relations website or by dialing (866) 393-4306. A replay will be available on the website and via telephone until November 19, 2020.
WOW! Internet, Cable & Phone (NYSE: WOW) announced its participation in ACA Connects and EducationSuperHighway's "K-12 Bridge to Broadband" program aimed at providing internet access to low-income students affected by the COVID-19 pandemic. The initiative allows schools to purchase broadband services on behalf of these students, ensuring they can engage in remote learning. WOW! will identify unserved homes in need of internet access, reflecting its commitment to supporting educational connectivity during challenging times.
WOW! Internet, Cable & Phone (NYSE: WOW) has announced the promotions of Gary Nilsen to senior vice president of engineering and Ryan Mitchell to vice president of network, product, and service engineering. Both executives have been with the company for over 20 years and will lead WOW!'s engineering teams to enhance the broadband services provided. These promotions aim to drive innovation and bolster the company’s growth amidst the challenges posed by the COVID-19 pandemic, as stated by CTO Henry Hryckiewicz.
WOW! Internet, Cable & Phone has appointed Andrew Posen as its new Vice President and Head of Investor Relations, effective October 1, 2020. Posen, who brings over 20 years of experience in investor relations and corporate strategy, aims to strengthen communications with the investment community. This appointment signifies WOW!'s commitment to growth and success in the competitive broadband market. CFO John Rego emphasized Posen's industry recognition and his potential impact on conveying the company’s value.
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