Hargray Communications (“Hargray”) and Cable One, Inc. (NYSE:
CABO) (“Cable One”) announced today that the companies have
completed the contribution of Cable One’s system serving Anniston,
Alabama and surrounding areas, which operates under the Sparklight®
brand, to Hargray in exchange for a minority equity interest in
Hargray. The transaction follows Hargray’s 2019 acquisition of USA
Communications’ Alabama assets in nearby Pell City and further
expands Hargray’s presence in Alabama.
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“On behalf of our more than 800 colleagues, we are pleased to
welcome Sparklight customers in Alabama into the Hargray family.
Our purpose is to fuel the growth of southeastern communities like
Anniston, Jacksonville, and Oxford by delivering the fastest
broadband speeds available with superior local service that is
uncommon in our industry,” said Hargray Chairman & CEO, Michael
Gottdenker. “We look forward to building upon the excellent
reputation that Cable One’s world-class colleagues have earned in
these communities.”
David Armistead, Senior Vice President of Hargray, noted,
“Hargray’s approach is to fully engage in the communities it
serves, and we look forward to the opportunity to join, serve, and
engage the residents and businesses of this beautiful region. We
will deliver the same high-quality suite of residential and
commercial services and customer support we are known for across
all of our service areas in Alabama, Georgia, Florida, and South
Carolina.”
“We believe Hargray’s regional focus, local values, and
continued investment in technological advancements and customer
care will benefit Anniston and the surrounding communities,” said
Julie Laulis, Cable One President and CEO. “We look forward to
working with the Hargray team to support customers through the
transition and sharing in Hargray’s continued growth.”
Over the next year, Hargray will implement a multi-phased
integration plan. Hargray will communicate with customers
throughout the process. Until the transition is complete, existing
Sparklight customers will continue to receive the same services and
should continue to pay their bills as in the past.
Once the Sparklight system is fully integrated with Hargray,
residential customers will have access to Hargray’s next-generation
products like 1 Gbps high-speed Internet, Wall to Wall Wi-Fi, and
premium TV with access to a prime selection of programs on-the-go.
Business customers will enjoy enhanced data, voice, and video
services, including hosted unified communications, metro-ethernet,
symmetrical and asymmetrical Internet, and video services
customized for various commercial applications.
Current Sparklight customers seeking more information about the
transition are encouraged to visit hargray.com/CableOne or call
877.692.2253 to speak with a member of Sparklight’s dedicated local
customer care team.
About Hargray
Founded in 1947, Hargray is a regional telecommunications
company providing advanced communications and entertainment
services in a growing set of markets in the southeastern United
States. Hargray delivers the most advanced technology and the best
service for its customers and is active in the communities it
serves by supporting a wide range of local charities,
organizations, projects, and events.
About Cable One
Cable One, Inc. (NYSE: CABO) is a leading broadband
communications provider serving more than 900,000 residential and
business customers in 21 states through its Sparklight® and
Clearwave™ brands. Sparklight provides consumers with a wide array
of connectivity and entertainment services, including high-speed
internet and advanced Wi-Fi solutions, cable television, and phone
service. Sparklight Business and Clearwave provide scalable and
cost-effective products for businesses ranging in size from small
to mid-market, in addition to enterprise, wholesale, and carrier
customers.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This communication may contain “forward-looking statements” that
involve risks and uncertainties. These statements can be identified
by the fact that they do not relate strictly to historical or
current facts, but rather are based on current expectations,
estimates, assumptions, and projections about Cable One’s and
Hargray’s industry, businesses, strategies, financial results, and
financial conditions as well as anticipated impacts from the
COVID-19 pandemic on Cable One and Hargray and future responses.
Forward-looking statements often include words such as “will,”
“should,” “anticipates,” “estimates,” “expects,” “projects,”
“intends,” “plans,” “believes,” and words and terms of similar
substance in connection with discussions of future operating or
financial performance. As with any projection or forecast,
forward-looking statements are inherently susceptible to
uncertainty and changes in circumstances. Cable One’s and Hargray’s
actual results may vary materially from those expressed or implied
in their forward-looking statements. Accordingly, undue reliance
should not be placed on any forward-looking statement made by Cable
One or Hargray or on either’s behalf. Important factors that could
cause Cable One’s and Hargray’s actual results to differ materially
from those in any forward-looking statements include government
regulation, economic, strategic, political, and social conditions
and the following factors: risks relating to diverting management’s
attention from Cable One’s or Hargray’s ongoing business
operations; risks relating to Cable One’s initial minority
ownership position in Hargray; uncertainties as to the ability and
the amount of time necessary to realize the benefits of the
transaction, future investments by Hargray, and Hargray’s continued
growth; risks relating to transition and integration plans; and the
other risks and uncertainties detailed from time to time in Cable
One’s filings with the Securities and Exchange Commission (the
“SEC”), including but not limited to its latest Annual Report on
Form 10-K, Quarterly Report on Form 10-Q, and Current Report on
Form 8-K as filed with the SEC. Any forward-looking statements made
by Cable One or Hargray in this communication speak only as of the
date on which they are made. Each of Cable One and Hargray is under
no obligation, and expressly disclaims any obligation, except as
required by law, to update or alter its forward-looking statements,
whether as a result of new information, subsequent events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20201001005398/en/
Hargray Communications: Karen Cline, Digital Marketing & PR
Manager 843-341-1567 (o) Karen.Cline@htc.hargray.com
Cable One: Trish Niemann Senior Director, Corporate
Communications 602-364-6372
Steven Cochran Senior Vice President and Chief Financial Officer
602-364-6210
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