Cable One’s Formation of Clearwave Fiber in Partnership with GTCR, Stephens Capital Partners and The Pritzker Organization

On January 3, 2022, Cable One, Inc. (“Cable One”) announced it has formed Clearwave Fiber in partnership with GTCR LLC, Stephens Capital Partners LLC and The Pritzker Organization, L.L.C. Clearwave Fiber is a newly formed joint venture that holds Clearwave Communications and certain fiber assets of Hargray Communications. Clearwave Fiber intends to invest heavily in bringing fiber‑to‑the‑premise service to residential and business customers. Cravath is representing Cable One in connection with the transaction.

The Cravath team is led by partners Joseph D. Zavaglia and Matthew L. Ploszek and includes associates Ryan J. Wichtowski, Jason L. Zhang and Michael D. Weil on M&A matters; partners Lauren Angelilli and Andrew T. Davis, senior attorney Andrew Carlon and associate Joana W. Li on tax matters; partner Eric W. Hilfers, practice area attorney Aaron S. Cha and associate Christopher C. Gonnella on executive compensation and employee benefits matters; partner Matthew Morreale on environmental matters; senior attorney Joyce Law and practice area attorney Brian M. Budnick on real estate matters; and associate Christopher P. Davis on intellectual property matters. Mariel V. Mok also worked on M&A matters; Nicholas J. Celli also worked on executive compensation and employee benefits matters; and Geoffrey Xiao also worked on intellectual property matters.