WOW! Internet, Cable & Phone has completed the sale of its Chicago, Evansville, Indiana and Anne Arundel service areas to Radiate HoldCo, a holding company affiliated with RCN Telecom, Grande Communications and WaveDivision Holdings (collectively Astound Broadband) for a total of USD661 million.
The completion of the Astound Broadband transaction follows WOW!‘s completed sale of its Cleveland and Columbus, Ohio service areas to Atlantic Broadband, announced in September 2021. Combined, the two transactions have generated gross proceeds of USD1.8 billion, enabling WOW! to significantly lower its debt, strengthen the company’s financial position and accelerate its broadband-first strategy.