WideOpenWest (WOW!)
Regional US cable and fiber broadband operator now owned by DigitalBridge, pending SoftBank deal.
WOW! is racing to build fiber fast enough to outrun cable losses, while new owners decide how much money that race is worth.
WideOpenWest (WOW!) provides cable internet and TV service to about 300,000 customers mostly in smaller markets across the central United States. The company is losing customers because Metronet and other fiber companies are building newer, faster networks in the same areas, and wireless internet from T-Mobile and Verizon is also stealing customers. The company is spending hundreds of millions of dollars to build fiber networks to compete back, but it is not clear whether it can replace lost revenue fast enough, especially now that it is deeply in debt and owned by a private equity fund that is itself being bought by SoftBank.
WOW! reports fiber take-rate and total broadband subscriber counts in next disclosure. Shows whether fiber net-adds are outpacing legacy-cable subscriber losses.
Resolution or escalation of shareholder lawsuits over the take-private buyout price. Shows whether investors judge the deal price to have undervalued the company.
- Revenue fell from ~$730M (2020) to ~$591M TTM
- About 50,000 fiber subscribers out of 223,000 passings
- Over $140M spent on Central Florida fiber since 2022
- Leveraged PE/DigitalBridge ownership increases pressure for cost-cutting and asset sales.
- Secular revenue decline (~8%/yr) as fiber overbuilders and FWA erode legacy cable subscribers.
- Pending SoftBank acquisition of parent DigitalBridge adds regulatory and ownership uncertainty.
- Shareholder litigation alleging inadequate take-private buyout price could resurface post-close.
- Employee equity is illiquid, buried under three layers of ownership (WOW, DigitalBridge, SoftBank).
| Rival | Direction | Evidence |
|---|---|---|
| Metronet | gaining on | +55.1% subscriber switching growth reported Q2 2026 (Mobilewalla data, 2026-06-23) |
| Breezeline | losing to | Bought WOW!'s Columbus/Cleveland systems for $1.125B in 2021, taking that market |
| Astound Broadband | losing to | Acquired WOW!'s Chicago, Evansville, and Anne Arundel systems in 2021 |
| AT&T Fiber and fixed wireless (T-Mobile, Verizon) | gaining on | Part of a two-front fiber overbuild plus FWA assault on cable per industry analysis, 2026-03-30 |
| Comcast and Charter | contesting | Large incumbents also facing fiber and FWA erosion in overlapping markets as of Q1 2026 |
- Is WideOpenWest (WOW!) profitable in 2026?
- No. FY2024 net loss was -$58.8M (as of 2024-12-31), following a -$287.7M net loss in FY2023. WOW! went private on Dec 31, 2025, so no newer public financials have been disclosed since.
- Who owns WideOpenWest now?
- DigitalBridge and Crestview Partners took WOW! private on Dec 31, 2025 at $5.20/share (~$1.5B enterprise value). DigitalBridge itself is being acquired by SoftBank in a ~$4B deal, which the DOJ cleared on July 2, 2026.
- Is Metronet beating WideOpenWest?
- Metronet is WOW!'s fastest-growing rival, posting +55.1% subscriber switching growth as of Q2 2026 per Mobilewalla data, while fiber overbuilders and fixed wireless entrants continue eroding WOW!'s legacy cable base.
- Could AI replace WOW!'s customer service jobs?
- Vendor Zowie claims industry-wide telecom AI agents now resolve 70-85% of interactions versus 10-25% for legacy chatbots (as of 2026-07-17), but no WOW!-specific AI deployment has been confirmed in public sources.
- Is WideOpenWest's revenue growing or shrinking?
- Shrinking. Revenue fell from a peak of ~$730M in FY2020 to $630.9M in FY2024 (-8.1% YoY), and TTM revenue through Q3 2025 was ~$590.8M, down 8.7% year over year.
- Why did WOW! stock disappear from the NYSE?
- WOW! agreed on Aug 11, 2025 to be taken private by DigitalBridge and Crestview Partners at $5.20/share (~$1.5B enterprise value); the deal closed Dec 31, 2025, delisting the stock from NYSE.
- 2026-07-16FCC comment period on SoftBank's acquisition of DigitalBridge (WOW!'s parent) closed
- 2026-07-02DOJ passed on reviewing SoftBank's ~$4B acquisition of DigitalBridge
- 2026-06-18WOW! expanded all-fiber network to 20,000 more homes in Central Florida
- 2026-05-19WOW! announced fiber expansion to 10,000+ homes in Greenville County, SC
- 2026-04-30WOW! extended fiber to 17,000+ homes in East Central Michigan
- 2026-01-06Frank van der Post appointed CEO, succeeding Teresa Elder
- 2025-12-31DigitalBridge/Crestview take-private deal closed, WOW! delisted from NYSE
- 2025-08-11WOW! announced definitive take-private agreement at $5.20/share, ~$1.5B EV
- 2021Breezeline bought WOW!'s Columbus/Cleveland systems for $1.125B
- WideOpenWest (WOW) Financials & Income Statement (2026-06-23)
- WOW Financials (2026-07-14)
- WideOpenWest (WOW) Earnings Date and Reports 2026 (2026-06-23)
- WOW! Acquisition Closed (2026-01-02)
- Department of Justice Passes on Review of SoftBank's Acquisition of WOW! (2026-07-02)
- WOW! Expands All-Fiber Network to 20,000 More Homes and Businesses in Central Florida (2026-06-18)
- WideOpenWest (WOW) Number of Employees (2025-12-26)
- WideOpenWest to be Taken Private by DigitalBridge and Crestview Partners (2025-08-11)
- DigitalBridge and Crestview Partners Complete Take-Private Acquisition of WideOpenWest (2025-12-31)
- Frank van der Post appointed CEO of WideOpenWest after acquisition (2026-01-06)
- Wikipedia (Breezeline history) (2026-07-24)
- Internet Comparisons - Astound (2025-10-10)