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Wide Open West

From Wikipedia, the free encyclopedia
(Redirected fromKnology)
Telecommunications provider in the United States
"WOW!" redirects here. For other uses, seeWow (disambiguation).
WideOpenWest, Inc.
Company typePrivate
IndustryTelecommunications
PredecessorAmericast, Knology
FoundedNovember 1996; 29 years ago (1996-11) inDenver, Colorado
Headquarters,
U.S.
Area served
Key people
Frank van der Post (CEO)
Patrick Bratton (CFO)
Aaron Brace (CTIO)
Courtland Madock (CCO)
Heather McCallion (CXO)
ProductsBroadband
Cable television
IPTV
Digital cable
Digital telephone
HDTV
Internet
Internet security
VoIP phone
BrandsWOW!
RevenueIncreaseUS$1,148.4 million(2020)[1]
DecreaseUS$22.2 million(2020)[2]
DecreaseUS$14.4 million(2020)[2]
Total assetsIncreaseUS$2,487.0 million(2020)[1]
SubsidiariesBroadstripe
Websitewww.wowway.com

WideOpenWest, Inc. (doing business asWOW![3]) is the eighth largest cable operator in theUnited States with their network passing 1.9 million homes and businesses.[4] With 538,100 subscribers as of November 2022,[5] the company offerslandline telephone, cable television, andbroadband Internet services.[6]

History

[edit]

Founded in 1996 inDenver,Colorado, WOW! built a network and was serving about 200 people in the Denver area five years later. Years later,Oak Hill Capital Partners and ABRY Partners sold the firm toAvista Capital Partners, without disclosing the terms of the sale.[7]

In November 2001, it purchasedAmericast, an overbuild system in the Midwest built and operated byAmeritech New Media for an undisclosed amount per subscriber, estimated to have been at a cost of $600 per sub.[citation needed]

Although it currently does not operate in some of these areas, the Pennsylvania-based company began serving the more than 310,000 customers acquired through the purchase and previously served by Americast in themetropolitan areas surroundingChicago,Cleveland,Columbus,Detroit,Denver, andEvansville.[8]

On August 23, 2011,Wave Broadband and WOW! announced that they entered into an agreement to purchase substantially all of the assets ofBroadstripe LLC, a provider of residential and commercial bundled communications services. On January 14, WOW! completed the acquisition of Broadstripe's cable systems inMichigan.

As of April 2012, the combined customer total exceeded 800,000 after WOW! acquired Knology,[9] a broadband firm that operated in 13 markets. Knology had previously merged with Valley Telephone Company in 1999, Prairiewave Communications in 2007,[10] Graceba Total Communications in 2008,[11] and Sunflower Broadband in 2011.[12]

In June 2014, it sold its cable, Internet and phone systems in the South Dakota markets to Clarity Telecom. Part of the multimillion-dollar deal, worth $262 million, included the markets in Iowa and Minnesota previously served by Knology and PrairieWave Communications.[13] In 2015, these markets would officially become known asVast Broadband.[14]

In September 2016, WOW! purchased NuLink, a cable company servingNewnan, Georgia with approximately 34,000 customers at the time the deal closed.[15] In October, it came to an agreement withMidco to sell its systems inLawrence, Kansas; these systems currently pass approximately 67,000 homes and businesses in the area.[16]

After a 2017initial public offering, the firm was publicly traded with Avista Capital Partners and Crestview Partners retaining significant stakes.[17] On June 28, WideOpenWest officially no longer serves the Lawrence, Kansas area.[18]

On March 6, 2018 WOW! announced that they had deployedDOCSIS 3.1 to 95% of their footprint, one of the first cable operators to reach that near-ubiquitous threshold.[19] As of August 6, 2019 Avista sold their shares in the firm, leaving Crestview WOW's largest shareholder holding a 37% stake in the company.[20]

On June 30, 2021 WOW! stated that it is selling its Cleveland and Columbus, Ohio, service areas to Atlantic Broadband (since renamedBreezeline) for $1.13 billion;[21] it closed the deal on September 1.[22] Also in June, WOW! announced the sale of its systems in Chicago, Evansville, and Anne Arundel, Maryland toAstound Broadband for $661 million.[21]

On May 15, 2023, WOW! has announced that it would discontinue its in-house TV services, including WOW! TV+ and migrating its video customers toYouTube TV across its footprint. WOW! will still maintain its current cable TV system while the said migration takes place. This move would free up bandwidth for the company's ISP overall.[23]

On December 31, 2025,DigitalBridge and Crestview announced that they had completed the take-private acquisition of WOW! for $1.5 billion.[24]

Internet availability by state

[edit]
StatePopulation Covered by WOW![25]
Michigan1,872,510
Alabama624,373
Illinois1,604,922
South Carolina260,525
Florida804,094
Indiana317,809
Georgia474,460
Tennessee139,600

Network availability by city

[edit]
CityHomes passed[26]Coaxial MilesFiber MilesTotal Network Miles
Detroit, MI706,3666,2862,1558,441
Chicago, IL488,2193,2421,0734,315
Pinellas, FL297,6353,4415864,027
Huntsville, AL127,2111,9434542,397
Baltimore, MD (Broadstripe)110,8061,2264271,653
Montgomery, AL107,5541,3033361,639
Evansville, IN105,9391,3234591,782
Augusta, GA96,8871,3564481,804
Charleston, SC93,5991,2095631,772
Lansing, MI92,5332,0457322,777
Columbus, GA86,1311,0333001,333
Panama City, FL84,2289512181,169
Knoxville, TN54,5977643171,081
Newnan, GA43,4408383521,190
Dothan, AL33,184547214761
West Point, GA17,748336338674
Auburn, AL15,251188202390

See also

[edit]

References

[edit]
  1. ^ab"WideOpenWest, Inc. 2020 Annual Report (Form 10-K)"(PDF).ir.wowway.com. Wide Open West. December 2020.
  2. ^ab"WideOpenWest, Inc. 2019 Annual Report (Form 10-K)"(PDF).ir.wowway.com. Wide Open West. March 2020.
  3. ^"WOW! Internet Cable and Phone - Bundle offers and support".WowWay.com. Wide Open West. Retrieved2016-08-20.
  4. ^"WideOpenWest, Inc. - investor relations".ir.wowway.com. Retrieved2023-01-27.
  5. ^"WOW! REPORTS THIRD QUARTER 2022 RESULTS".WideOpenWest, Inc. November 3, 2022. Retrieved2023-01-27.
  6. ^"About WOW!".WowWay.com. Wide Open West. Retrieved2016-08-31.
  7. ^"Waller Advises Sale".
  8. ^"SBC Sells For a Song". Multichannel News.
  9. ^"WOW! to Acquire Knology for $19.75 Per Share in Cash".BusinessWire.com. 2012-04-18.
  10. ^PrairieWave Change Causes E-mail Glitches
  11. ^"Knology Announces Closing of $75 Million Graceba Acquisition".Reuters. January 4, 2008. Archived fromthe original on September 11, 2012.
  12. ^Lawhorn, Chad (January 18, 2011)."Sunflower Broadband's new owners change name to Knology".Lawrence Journal-World. Retrieved24 July 2013.
  13. ^"WOW! sells off SD systems to Clarity for $262M". Retrieved2015-09-24.
  14. ^"Vast Broadband Launches In SD". 12 March 2015. Retrieved2015-09-24.
  15. ^"WOW! Closes Acquisition of NuLink to Provide High-Speed Internet, Cable TV and Phone Service to Metro Atlanta"(PDF).www.wowway.com. September 12, 2016. RetrievedDecember 17, 2016.
  16. ^"Midco to Acquire WOW! System in Lawrence, KS"(PDF).www.wowway.com. October 21, 2016. RetrievedDecember 17, 2016.
  17. ^"News"(PDF).wowway.com. WideOpenWest.
  18. ^"MidCo".www.wowway.com. Archived fromthe original on 2017-11-09. Retrieved2017-07-07.
  19. ^"WOW! 1 Gig Internet Speeds Now Available to More Than 95 Percent of Customers"(PDF).WOW!. 2018-03-06. Retrieved2018-06-19.
  20. ^"10-K"(PDF).wowway.com. WideOpenWest.
  21. ^ab"WideOpenWest sells 5 service areas for $1.8B".www.teletrader.com. Retrieved2021-06-30.
  22. ^Reading 9/1/2021, News Wire Feed Light."Atlantic Broadband wraps buy of two WOW systems".Light Reading. Retrieved2021-09-07.{{cite web}}: CS1 maint: numeric names: authors list (link)
  23. ^A small cable company is going all in on YouTube TV for video -The Verge (published May 15, 2023)
  24. ^"DigitalBridge and Crestview Partners Complete Take-Private Acquisition of WideOpenWest (WOW!)".Yahoo! Finance. Retrieved2026-01-07.
  25. ^"WOW! Availability by State".broadbandnow.com. Retrieved2017-01-16.
  26. ^"WideOpenWest, Inc. 2020 10-K"(PDF).ir.wowway.com. 2020-12-31. Retrieved2021-06-01.

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