Cable One Completes Contribution of Alabama Assets to Hargray
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.