Graham Holdings, the company which controls US triple-play provider Cable ONE, has confirmed that its board of directors has approved plans to press ahead with the complete legal and structural separation of the cableco. Following the conclusion of the process, Cable ONE will become a publicly traded company. Donald E. Graham, chairman of the board of directors, commented: ‘After a careful review of strategic options, we believe that a separation of Graham Holdings and Cable ONE will create value for the companies and our shareholders. The separation will position Graham Holdings to pursue continued growth opportunities, while enabling Cable ONE to focus entirely on its video, internet and voice services and to attract a more natural stockholder base.’
According to TeleGeography’s GlobalComms Database, Cable ONE currently provides its service in 19 US states, namely Alabama, Arizona, Arkansas, Idaho, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Nebraska, New Mexico, North Dakota, Oklahoma, Oregon, Tennessee, Texas, South Dakota and Washington. In May 2011 the company upgraded its network with the deployment of DOCSIS 3.0 infrastructure, paving the way for increased transmission speeds.