Cable One Amends Vyve Stake Terms in Anticipation of M&A
Cable One, with a 45% ownership stake in Mega Broadband Investments/Vyve Broadband, has amended the terms of its Vyve investment to give it better timing flexibility for a takeover of that company, Cable One said last week. Under the amended…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
partnership agreement, Cable One said it paid $250 million to other Vyve equity holders, who also received the proceeds from $100 million of new Vyve debt. That $350 million will reduce the purchase price payable by Cable One, it said. Cable One said it has an option to call the 55% of Vyve it doesn't own, which it can exercise starting in Q3 2025.