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CoBank TRO Blocks Cable One’s Planned Mega Broadband Acquisition

The proposed $480 million deal would give Cable One the 55% stake in Mega Broadband it does not already own.

A roadside broadband junction box stands beneath a utility pole / TokenPost.ai
A roadside broadband junction box stands beneath a utility pole / TokenPost.ai

A temporary restraining order is blocking Cable One’s planned $480 million purchase of the 55% stake in Mega Broadband it does not already own, putting the acquisition and the company’s long-term strategic plans at risk.

The proposed deal would give Cable One full ownership of Mega Broadband.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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