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Cable One Announces Purchase Of Fidelity Communications

Cable One announced on Monday that it has agreed to purchase Fidelity Communications data, video, voice and other assets for $525.9 million in cash.

Per StreetInsider, Fidelity Communications is a family-owned cable operator providing residential and business services to customers through Arkansas, Illinois, Louisana, Missouri, Oklahoma and Texas for nearly 80 years. Its network passes approximately 190,000 homes.

The deal is expected to be finalized later this year.

Check back for more details on this.

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