ENGLEWOOD, CO – July 17, 2012 – WOW! Internet, Cable & Phone (WOW!) announced today that it has completed the acquisition of Knology, Inc. (“Knology”). WOW! is a competitive provider of residential and commercial high-speed Internet, cable television and telephone services
Knology is a leading provider of interactive communications and entertainment services in ten markets in the southeastern United States, Including Panama City, and three markets in the midwestern United States.
The acquisition, first announced in April, is an all-cash transaction with WOW! acquiring Knology by merger for $19.75 per share in cash. The total transaction value is approximately $1.5 billion and was approved by Knology shareholders during a special shareholders meeting held on June 26th.
“We’re pleased to have completed this transaction so expeditiously and are excited to operate together as a combined entity. We have the people, network, and operating infrastructure to ensure sustained success. We are honored to welcome Knology employees to the WOW! family and are committed to providing all of our customers with services that meet their needs, at a great value, backed by award-winning customer experiences,” said Colleen Abdoulah, WOW! Chief Executive Officer and Chairwoman of the Board.
Abdoulah will continue in her role as CEO for the company. Steven Cochran is WOW!’s President. Todd Holt, former Knology Chief Financial Officer and President, has been named WOW! CFO reporting to Cochran.