Cable One to fully acquire Mega Broadband Investments

The latest update is out from Cable ONE ( (CABO) ).

On January 3, 2026, Cable One entered into a purchase agreement to acquire the roughly 55% of Mega Broadband Investments Holdings (MBI) it does not already own, after GTCR affiliates exercised a put option on January 2, 2026. MBI, which operates as Vyve Broadband and generated about $310 million in revenue in the 12 months to September 30, 2025, serves mainly rural communities in 16 states across the Southeast, Northwest and Mid-South, with around 210,000 data customers and 675,000 passings, and will give Cable One a larger, more geographically diversified footprint and potential scale efficiencies. The option price for the remaining stake is expected to be between $475 million and $495 million, with MBI expected to carry $845 million to $895 million of term-loan debt maturing in November 2027 when it becomes a wholly owned subsidiary, and Cable One plans to fund the purchase through a mix of cash and additional borrowings, targeting closing around October 1, 2026 subject to regulatory and other customary approvals. Separately, on December 20, 2025, Cable One agreed to roll its interest in joint venture Clearwave Fiber into Point Broadband Holdings in connection with Clearwave Fiber’s planned merger into a Point Broadband affiliate, a second-quarter 2026 deal that, following a pre-closing sale of Clearwave’s Southern Illinois assets, will leave Cable One as a minority common equity holder in the enlarged Point Broadband platform and further reshapes its portfolio of rural-focused broadband investments.

The most recent analyst rating on (CABO) stock is a Hold with a $114.00 price target. To see the full list of analyst forecasts on Cable ONE stock, see the CABO Stock Forecast page.

Spark’s Take on CABO Stock

According to Spark, TipRanks’ AI Analyst, CABO is a Neutral.

The score is held down primarily by weak financial performance (declining revenue, losses, and high leverage) and a clear downtrend in the stock’s technicals (below key moving averages with negative MACD). A very high dividend yield and earnings-call progress on debt reduction and cash-flow focus provide partial support, while the CEO transition is a modest positive but not yet an operational proof point.

To see Spark’s full report on CABO stock, click here.

More about Cable ONE

Cable One, Inc. (NYSE: CABO) is a broadband communications provider operating under the Sparklight brand, serving more than 1 million residential and business customers across 24 U.S. states. The company offers high-speed internet, video and voice services over a robust infrastructure with a stated focus on rural markets, bridging the digital divide and supporting education, business and everyday connectivity.

Average Trading Volume: 127,069

Technical Sentiment Signal: Sell

Current Market Cap: $587M

See more insights into CABO stock on TipRanks’ Stock Analysis page.