NewWave: Phoenix-based cable company makes $735 million telecommunications buy

Phoenix-based Cable One Inc. announced today it is acquiring NewWave Communications, a private telecommunications company, for $735 million in cash. Sikeston, Missouri-based NewWave is a cable operator providing high-speed data, video and voice services to residential and business customers in Arkansas, Illinois, Indiana, Louisiana, Mississippi, Missouri and Texas. "We are excited about our acquisition of NewWave, which operates in non-urban markets similar to ours and has significant high-speed...