Close
Close

Published

WoW sells off its Chicago fiber to Verizon for backhaul

We were mildly perplexed by the sale this week of much of the fiber in Chicago owned by WideOpenWest (WoW), to Verizon for $225 million in cash. It will get a further $50 million to complete the network build. It turns out that what we have been saying for the past 5 years, that cellular businesses are screwed without fixed line backhaul, is true, and Verizon said that the network, when completed in late 2018, will provide backhaul for 500 macro-cell wireless sites and 500 small-cell wireless sites. WoW said it will continue to focus on residential services through edge-out builds. The deal will close by early in Q1 2018 and much of the proceeds will go to pay down…

Close