DigitalBridge Group, a global alternative asset manager dedicated to investing in digital infrastructure, and Crestview Partners, a private equity firm, have confirmed that affiliated investment funds have completed their previously announced take-private acquisition of WideOpenWest, Inc. (WOW!), a provider of fibre-broadband Internet services and advanced connectivity solutions in the United States.

“We are excited to complete this transaction and begin a new era of growth. We look forward to investing in network and customer experience enhancements, pursuing operational excellence, and delivering an exceptional connected experience over WOW!’s high-performance networks,” said Jonathan Friesel, Senior Managing Director and Head of Fiber at DigitalBridge.

Brian Cassidy, President and Head of Media at Crestview Partners, said: “As a private company, WOW! will have strategic flexibility and resources to compete more effectively in its markets and pursue long-term growth. We believe this strategic infrastructure investment will allow us to bring advanced technology to these markets more quickly and will strengthen WOW!’s competitive position.”

WOW! shareholders will receive $5.20 in cash per WOW! share in a transaction with an enterprise value of approximately $1.5 billion (€1.28bn).

With the completion of the transaction, WOW! common stock is no longer traded or listed on any public securities exchange.

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Categories: Articles, Broadband, Business, FTTH, M&A, Telco

Tags: Crestview Partners, DigitalBridge, WOW