The company was taken private by affiliated funds of DigitalBridge and Crestview on December 31, 2025. New leadership appointed Frank van der Post as CEO and appointed new leaders for finance, technology, commercial, customer experience, legal and HR. The company is focused on broadband expansion with growing Greenfield deployments and managed transition to private ownership.
Cyborg Score Rationale
Q3 2025 revenue declined 8.9% YoY to $144.0M with adjusted EBITDA down 11% YoY, while subscriber base declined 5% YoY to approximately 464,500. However, greenfield expansion shows growth potential with new leadership and private backing from established infrastructure investors.
Top Insights
Completed take-private transaction on December 31, 2025 by DigitalBridge and Crestview at $5.20 per share
Revenue and subscriber declines accelerating: -8.9% revenue YoY, -5% subscriber base YoY in Q3 2025
Greenfield expansion shows promise with 106,600 homes passed and 16.0% penetration rate
New executive team appointed January 2026 positions company for turnaround under private ownership
Named Competitors
Broadband & Video Services — National cable and broadband leader
Cable Services — Large regional cable provider
Regional Broadband — Regional cable operator
Recent Developments
(January 2026) Senior executive appointments including new CEO Frank van der Post following take-private completion
(December 2025) Acquisition by DigitalBridge and Crestview closed; company ceased trading on NYSE