The stock of WideOpenWest (NYSE: WOW) is rising after the business revealed that it will sell five service areas for $1.8 billion.
The business previously stated that it had reached agreements to sell its Cleveland and Columbus service areas, as well as its Chicago, Evansville, Indiana, and Anne Arundel, Maryland service areas, in two separate definitive agreements. The corporation claims that selling these assets will help them pay down debt.
WideOpenWest, Inc. serves home and commercial customers in the United States with high-speed data, cable television, and digital telephony services.
WideOpenWest’s stock was trading 10.08 percent higher at $20.09 at the time of writing. The stock has a 52-week low of $4.72 and a 52-week high of $21.34, with a 52-week low of $4.72 and a 52-week high of $21.34 respectively.
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