PHOENIX--(BUSINESS WIRE)--Cable One, Inc. (NYSE: CABO) today announced that more than 200 cities and towns across the United States will be able to lay claim to the title “Gig city” with the 2016 launch of GigaONE™, the company’s new Gigabit service.
Texas State Representative Brooks Landgraf said communities across Cable ONE’s Texas markets will benefit greatly from having this latest technology.
“Our world is changing more rapidly than ever and the advantage that our schools, first responders, and businesses will have with Gigabit high speed Internet service is important to educate the great minds of the next generation, ensure public safety, and continue to grow our local economy,” Landgraf said. “I look forward to seeing the benefits of this technology across the Permian Basin to ensure that our region remains the best place to live, work, and raise a family."
The company’s newest speed is 40 times faster than the average speed currently offered across the United States, and will be available to the majority of Cable ONE customers by the end of 2016.
“GigaONE will support the technology needs of the communities we serve, now and in the future,” said Joe Felbab, Vice President of Marketing for Cable ONE. “We are excited to be able to offer Gigabit service to nearly 1.5 million homes in the markets we serve.”
Cable ONE has invested more than a half billion dollars over the past five years on network upgrades and enhancements in order to bring the latest technology and fastest speeds to its customers.
Felbab says that Cable ONE currently offers customized, dedicated Gigabit fiber optic services to businesses, and the company will begin launching residential Gigabit service over its existing hybrid fiber-coax network in the first quarter of 2016 in the following cities: Altus, OK; Duncan, OK; Borger, TX; Emporia, KS; Bisbee, AZ; Cottonwood, AZ; and McCall, ID.
"Cable ONE will be the first provider in the majority of our markets to offer Gigabit speeds to residential customers," Felbab said. "Unlike many of our competitors, Gigabit service will be available to all of our customers – not just a select few in certain areas. We’ve been committed for decades to serving smaller cities and towns, and we are delighted to provide them with the latest technology to make them Gig cities in 2016.”
Idaho Governor C.L. “Butch” Otter said GigaONE is the first step in making Idaho a Gig state.
“I’m pleased by Cable ONE’s commitment to faster broadband connections for its Idaho residential customers. I’m also hopeful that the GigaONE program will provide a marketplace incentive for other Internet service providers to help make all of Idaho a Gig state!” Otter said.
Cable ONE Gigabit speeds will enable customers to:
- Download an HD movie in 60 seconds or less
- Download 100 songs in four seconds
- Download a game in 29 seconds
“Our extensive fiber network deployment and continued investment in improving and expanding our network enables us to offer the fastest, most reliable Internet connections at the best value, while contributing to the economic development of the communities we serve,” Felbab said.
The company recently doubled speeds on virtually all of its plans for new and existing residential and business customers.
“With our new doubled speeds launched last month and our upcoming launch of Gigabit service, we’re committed to offering our customers a variety of powerful Internet speeds to choose from in order to meet their family’s tech needs,” Felbab said.
North Dakota Congressman Kevin Cramer said Cable ONE Gigabit service will allow for increased opportunities in North Dakota markets.
“Access to high-speed Internet is vital to economic development and job creation throughout North Dakota. This technology allows businesses and families to take full advantage of the medical, educational, and economic opportunities the Internet can provide,” Cramer said.
Customers can visit www.gigaone.com to find out when GigaONE will be available in their city. Prices and data plans will be announced in January 2016.
For more information, call (602) 364-6372.
About Cable ONE
Cable One, Inc. (NYSE: CABO) is among the 10 largest cable companies in the United States. Serving nearly 700,000 customers in 19 states with high-speed Internet, cable television and telephone service, Cable ONE provides consumers with a wide range of the latest products and services, including wireless Internet service, high-definition programming and phone service with free, unlimited long-distance calling in the continental U.S.
Forward-Looking Statements
This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Forward-looking statements often include words such as “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,” “believes” and words and terms of similar substance in connection with discussions about the cable industry and Cable ONE’s future business and operating or financial performance. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic, political and/or regulatory factors, and other factors affecting the operations of Cable ONE. More detailed information about these factors may be found in filings by Cable ONE with the Securities and Exchange Commission, including its Registration Statement on Form 10 and reports on Form 10-Q and Form 8-K. Any forward-looking statements made by Cable ONE herein speak only as of the date on which they are made. Cable ONE is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.
