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) announced Enhanced Directory Listings for its commercial voice customers, enabling businesses to manage their online presence from a single portal. This new feature allows for easy updates of business information, which automatically populates across over 80 platforms, including Google and Facebook. Key benefits include expanded online reach, improved SEO, and enhanced customer trust. The service is offered for an additional $5 per month through TruContact™ Digital Search Business Listings. WOW! is recognized for its efficiency and is a leading broadband provider serving nearly 2 million customers.
WOW! Internet, Cable & Phone (NYSE: WOW) announced significant strides in its Greenfield expansion initiatives. The company has leased a facility in Greenville County, South Carolina, and appointed Dominick Silvio as director of operations. Concurrently, construction is ongoing in Seminole County, Florida, enhancing the fiber network. The goal is to expand services to 400,000 homes by 2027. Silvio, a long-time employee, will manage operations in Greenville County as new services rollout. WOW! aims to provide high-speed Internet with symmetrical speeds up to 5 Gbps and various services, reinforcing its commitment to market expansion.
WOW! Internet, Cable & Phone (NYSE: WOW), a top U.S. broadband provider, announced that CFO John Rego will present at the Raymond James Institutional Investors Conference on March 6, 2023, at 4:00 PM ET. The live webcast can be accessed via the company's investor relations site. WOW! serves nearly 2 million customers across 15 markets, mainly in the Midwest and Southeast, offering services like high-speed internet and cable TV. The company is recognized for its exceptional workplace practices, being named a Best & Brightest Company to Work For in the Nation for five consecutive years. For more details, visit wowway.com.
WideOpenWest, Inc. (WOW) reported its financial results for Q4 and the full year of 2022, highlighting a total revenue of $704.9 million, down 3% from 2021. The high-speed data (HSD) revenue increased by 3% to $412.1 million. In Q4, total revenue grew by 1% to $180.5 million, while HSD revenue rose by 7% to $107.1 million. The company faced a net loss of $12.7 million in Q4, compared to a profit of $230.6 million in Q4 2021. Adjusted EBITDA for the year grew by 7% to $280.1 million, indicating operational strength. WOW launched its first Greenfield market in Central Florida and repurchased 1.2 million shares for $12.3 million in 2022.
WOW! Internet, Cable & Phone (NYSE: WOW) has launched its all-fiber network in Headland, Alabama, welcoming its first customers with multi-Gig speeds, the fastest in the region. This expansion allows WOW! to provide reliable broadband services to more residents and businesses, adding to its existing service areas like Dothan. Customers can access symmetrical Internet speeds up to 5 Gbps, unlimited data, and promotional offers including free installation and HBO Max subscriptions. CEO Teresa Elder highlighted WOW!'s commitment to customers and community engagement as key to its ongoing growth.
WOW! Internet, Cable & Phone (NYSE: WOW) has announced a webcast and conference call scheduled for February 23, 2023, at 8:00 a.m. ET, to discuss its fourth quarter and full year 2022 financial results. Prior to the call, WOW! will release its earnings report on the same morning. The conference call will be accessible via the company's investor relations website and by phone, with a replay available later the same day. WOW! serves nearly 2 million customers across 15 markets, mainly in the Midwest and Southeast U.S., offering a range of services including high-speed Internet and cable TV. The company has been recognized for its exceptional workplace practices.
WOW! Internet, Cable & Phone (NYSE: WOW) has launched its all-fiber broadband services in Altamonte Springs, Florida, marking a pivotal step in its Greenfield market expansion. The new network currently passes over 1,000 homes, and services include symmetrical internet speeds up to 5 Gigs, unlimited data, and no annual contracts. To celebrate this launch, WOW! is offering new customers free professional installation, Visa Rewards gift cards, and a subscription to HBO Max for select tiers. Expansion plans are underway to serve additional Seminole County communities and Greenville County, South Carolina.
WOW! Internet, Cable & Phone (NYSE: WOW) has donated $5,000 to Cottonwood Elementary and Houston County High School in Alabama. The funding aims to enhance technology access by purchasing necessary equipment like laptops and chargers. Operations Manager John Parkhurst emphasized the importance of supporting educational needs, especially as reliance on broadband has surged. Earlier donations were also made to schools in Newnan, Georgia and Sanford, Florida. CEO Teresa Elder noted the critical need for reliable technology in education.
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