Cable One Provides Update on the Pending Purchase of Mega Broadband
A federal court entered a temporary restraining order on October 9, 2026 prohibiting Cable One from acquiring the 55% of Mega Broadband Investments it does not own, in a suit brought by lender CoBank alleging the purchase would be a constructive fraudulent transfer. Cable One says the TRO was entered without a hearing, that it believes the claims are incorrect as a matter of law, and that it is not obligated to close the MBI deal while any legal restraint is in effect.
Key figures
- Mbi stake acquired
- 55%
- Refinancing addressed obligations
- $2.45 billion
AI analysis
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