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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) 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.
On November 16, 2022, WOW! Internet, Cable & Phone (NYSE: WOW) announced that its executives received high rankings in the 2023 All-America Executive Team by Institutional Investor. CEO Teresa Elder was ranked #2, CFO John Rego at #2, and VP Andrew Posen ranked #3 for Best IR Professional. The company has been recognized alongside 31 peers for its effective investor relations program, leadership, and ESG strategies. WOW! continues to focus on market expansions, debt reduction, and employee development, affirming its commitment to growth and stakeholder value.
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