WideOpenWest, a cable TV provider based in the Denver Tech Center with no customers in Colorado, said Tuesday it will pay $53 million for NuLink, a cable service in Newnan, Ga., according to a regulatory filing.
WideOpenWest, better known as WOW, said NuLink’s service area is 34 miles southwest of Atlanta and has 34, 000 customers. NuLink, owned by New York private-equity firm Halyard Capital, spun off from Newnan Utilities in 2008. In 2015, NuLink reported top-line earnings of $8.4 million.
WOW, which is owned by New York’s Avista Capital Partners, expects the NuLink acquisition to be completed by the end of the year.
WOW started in the late 1990s and built cable operations in the Denver area that it sold to Champion Broadband in 2003. Today, It offers cable, internet and phone service in smaller markets mostly in the Midwest, including Alabama, Florida, Illinois, Indiana, Kansas, Ohio, Michigan and Tennessee.
The company confirmed Tuesday that it employed 100 people at its Denver office and 2, 900 nationwide. It also has a call center in Colorado Springs with between 300 to 350 employees. Last year’s revenues came in “north of $1 billion, ” a company spokesman said.
