WideOpenWest, Inc. ("WOW!" or the "Company") (NYSE: WOW) announced today that it has entered into a definitive agreement to sell a portion of its fiber network in the Company's Chicago market to a subsidiary of Verizon (NYSE: VZ) for $225 million in cash. In addition, WOW! and Verizon will enter into a new agreement pursuant to which WOW! will complete the build-out of the network in exchange for approximately $50 million (which approximates WOW!'s remaining estimate to complete the network build-out), payable as the remaining network elements are completed. The final build-out of the network is expected to be completed during the second half of 2018 and, when completed, will provide back-haul services to over 500 macro-cell wireless sites and more than 500 small-cell wireless sites. Click here for more.
from Cellular News http://bit.ly/2u51e4T
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