07:34 AM EST, 12/20/2024 (MT Newswires) -- Cable One ( CABO ) said Friday it has revised the terms of its partnership with Mega Broadband Investments Holdings to support timing flexibility for acquiring full ownership of Mega Broadband.

Cable One ( CABO ), which currently owns a 45% stake in Mega Broadband, now has the option to call the 55% stake starting in Q3 2025, the company said.

GTCR, which currently holds the remaining interest, cannot exercise its put option until Oct. 1, 2026, Cable One ( CABO ) added.

Cable One ( CABO ) said it paid $250 million to the other Mega Broadband equity holders, who also received proceeds from $100 million of new Mega Broadband debt under the revised deal.

The purchase price, which is expected to be reduced by the combined $350 million of payments, will likely range between $410 million and $550 million, Cable One ( CABO ) added.