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.
On April 26, 2023, WOW! Internet, Cable & Phone (NYSE: WOW) announced it will host a webcast and conference call on May 4, 2023, at 8:00 a.m. ET, to discuss first-quarter financial and operating results. The company will issue a news release earlier that day with details on performance metrics. Interested parties can engage via telephone or through the company's investor relations website. WOW! is recognized as a leading broadband provider in the U.S., serving almost 2 million consumers across 15 markets primarily in the Midwest and Southeast. The company has a strong reputation for delivering high-speed internet, cable TV, and phone services, along with a commitment to exceptional workplace practices.
WOW! Internet, Cable & Phone (NYSE: WOW) is advancing its all-fiber network in Upstate South Carolina, specifically targeting Mauldin and surrounding areas. The company recently leased a facility in Greenville County to enhance local operations and hired Dominick Silvio as local director. With plans to reach 400,000 new homes by 2027, WOW! aims to increase its total homes passed by 21%. Residents will benefit from residential symmetrical Internet speeds of up to 5 Gbps, unlimited data, and no annual contracts. WOW! will also offer complementary equipment, WOW tv+, reliable home phone services, and WOW! mobile powered by Reach. This expansion underscores WOW!'s commitment to delivering high-speed Internet and exceptional customer service in the region.
On April 18, 2023, WOW! Internet, Cable & Phone (NYSE: WOW) announced that Debra Havins, Vice President of Corporate Communications, has been honored in the 2023 PRNEWS Top Women Awards in the Changemakers category. The accolade recognizes her significant contributions, particularly in launching new markets and enhancing strategic communications within the company. CEO Teresa Elder praised Havins for her impact and leadership aligned with WOW!'s values. In 2022, Havins notably organized a $45,000 donation to an elementary school's space center and initiated a scholarship contest, while also driving recognition for WOW! through various workplace awards and product launches. This acknowledgment of Havins underscores WOW!'s commitment to showcasing talent in a competitive industry.
WOW! Internet, Cable & Phone (NYSE: WOW) has made significant strides in its fiber network construction across Central Florida, with new service areas being established in communities such as Casselberry, Forest City, and Wekiwa Springs. The company's goal is to reach 400,000 homes passed by 2027, offering high-speed Internet services with speeds up to 5 Gbps and no annual contracts. The introduction of fiber services in Altamonte Springs marks a notable achievement in their expansion strategy. WOW! emphasizes its commitment to quality service as it continues to grow its market presence and enhance Internet access for residents.
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