Cable One Buys Cable America Missouri for $113 Million

Cable One has purchased Cable America Missouri, a small broadband and cable operator with about 14,000 customers in rural areas in the central part of the state, for about $113 million in cash. Cable One CEO Julie Laulis said the Cable America properties are close to markets the company purchased in 2019 with its buy of Fidelity Communications. “Due to its adjacency to our Fidelity markets as well as alignment with culture, growth and competitive profile, we expect Cable America to be an excellent fit to our growing family of brands,” Laulis said. “The transaction is expected to be financed with cash on hand and close prior to year-end.” The Cable America deal comes shortly after Cable One said it would form a fiber joint venture with Clearwave Communications and Hargray Communications.