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), 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.
WOW! Internet, Cable & Phone (NYSE: WOW) announced that CEO Teresa Elder and CTO John Rego will participate in a fireside chat on September 17, 2020, during KeyBanc's Future of Technology Series. The discussion will focus on recent market shifts in the telecommunications sector, driven by remote work and changing consumer habits. Elder emphasized the importance of maintaining high service quality during these unprecedented times. WOW! serves three million customers in 19 markets across the Midwest and Southeast, providing a range of broadband services.
WOW! Internet, Cable & Phone (NYSE: WOW) has launched a new Business Home Office solution aimed at supporting small businesses and teleworkers impacted by the COVID-19 pandemic. This service offers fast, reliable internet with various speed tiers and add-ons like Whole-Business Wi-Fi and Hosted VoIP. CEO Teresa Elder emphasized the importance of reliable connectivity for businesses during uncertain times. Additionally, WOW! Business announced National Numbers with Virtual Voice services for managing inbound calls effectively. More information is available at WOW!'s business site.
WOW! Internet, Cable & Phone (NYSE: WOW) has announced the election of Gunjan Bhow to its Board of Directors, effective immediately. Bhow, with over 25 years in digital transformation and consumer digital products, has previously held key roles at Walgreens Boots Alliance, Walt Disney Company, and Amazon. His focus on e-commerce and customer experience is expected to enhance WOW!'s ongoing transformation into a broadband-centric business. This leadership change is seen as a strategic move to drive innovation and adapt to evolving consumer expectations in the broadband market.
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