Fierce

Cable One doubles down on fiber with $50 million Ziply investment

Cable One stuck invested $50 million to acquire a minority stake in northwestern US operator Ziply Fiber, part of the $450 million new funding Ziply received. WaveDivision Capital and Searchlight Capital Partners were among the other investors who contributed. Cable One handed Ziply an initial $22.2 million in November 2022 and expects to dole out the remaining $27.8 million before the end of September 2023. The investment netted Cable One less than a 10% equity interest in Ziply. The move is Cable One’s latest in the fiber realm.