About Mega Broadband Investments
Mega Broadband Investments is a fiber broadband operator serving residential and business customers in the southern and midwestern United States. Formed in 2017 through a partnership between GTCR and Phil Spencer, it operates as Vyve Broadband with networks in 12 states delivering internet speeds up to 8 Gbps, video streaming, and voice services.
Founded
2017
HQ
Website
Status
Acquired
Customer focus
B2B & B2C
Revenue model
Subscription
Revenue
$310M (Sep 2020)
Valuation
$1.3B (Sep 2020)
Sectors
Mega Broadband Investments Acquisition
Mega Broadband Investments was acquired by Cable One for $1.8B on 5 January 2026.
The acquisition price implies a 5.6x revenue multiple on $310M of revenue.
Cable One, Inc. is acquiring the remaining 55% stake in Mega Broadband Investments Holdings (MBI) that it does not already own, giving it full ownership of the broadband provider operating under the Vyve Broadband brand. Cable One currently holds 45% of MBI, with GTCR affiliates and MBI management owning the remaining equity. The transaction is valued at $475–495 million for the 55% stake, with MBI's total net indebtedness expected to be approximately $845–895 million at closing. The deal was triggered when GTCR investors exercised a previously agreed put option in early January 2026, and Cable One expects the transaction to close on October 1, 2026. MBI provides broadband, fiber connectivity, video, and voice services to approximately 210,000 residential and business customers across the Southeast, Northwest, and Mid-South regions, with a network covering about 675,000 passings. Cable One's acquisition of full ownership in MBI reflects its strategic commitment to expanding geographic reach and scale in attractive U.S. rural markets while creating opportunities for operational efficiencies through greater scale. The Vyve Broadband network operates under MBI's local-first operating model, which aligns with Cable One's own operating philosophy. Cable One stated it plans to finance the purchase price using a combination of cash resources and indebtedness, potentially including borrowings under its existing $1.25 billion revolving credit facility or new debt instruments. The FTC granted early termination of the Hart-Scott-Rodino waiting period on February 10, 2026, clearing a regulatory hurdle for the transaction. Additionally, Cable One announced that James Holanda, former CEO of Astound Broadband, will become its next Chief Executive Officer, expected to start no later than March 31, 2026.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 5 Jan 2026 | Strategic M&A | $1.8B | 5.6x |
Mega Broadband Investments Valuation
Mega Broadband Investments is currently valued at $1.3B, based on its secondary sale in September 2020.
The $574M round was led by Cable One.
Mega Broadband Investments valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2020 | Secondary | $1.3B | 4.1x |
Mega Broadband Investments Revenue
Mega Broadband Investments' latest recorded revenue is $310M, as of its secondary sale in September 2020. At a $1.3B valuation, that implies a 4.1x revenue multiple.
Mega Broadband Investments revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2020 | $310M | $1.3B | 4.1x | Secondary |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Mega Broadband Investments Funding History
Mega Broadband Investments has 1 recorded secondary share sale and no primary funding rounds.
Mega Broadband Investments funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2020 | Secondary | Cable One (lead) | $574M | $1.3B | On September 28, 2020, Cable One, Inc. entered into a definitive agreement to purchase a 45% minority stake in Mega Broadband Investments Holdings LLC (MBI) from affiliates of private equity firm GTCR LLC for approximately $574.1 million in cash. The transaction valued MBI at approximately $1.27 billion at that time, based on the stated stake percentage and purchase price. Cable One also received the right to purchase the remaining equity interests at a predetermined multiple of earnings beginning in 2023. MBI is a leading broadband services provider operating across the Southeast, Northwest, and Mid-South United States, offering broadband, fiber connectivity, video, and voice services. The company had upgraded its systems and infrastructure to include more than 15,800 network plant miles, with over 4,100 fiber route miles capable of delivering Gigabit speeds. The transaction closed in the fourth quarter of 2020 and was funded from Cable One's cash on hand. |
Who has invested in Mega Broadband Investments?
1 investor has backed Mega Broadband Investments across its funding rounds, including Cable One.
Lead investors include Cable One.
Mega Broadband Investments Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Mega Broadband Investments investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Mega Broadband Investments
Mega Broadband Investments has acquired 1 company to date.
Last acquisition by Mega Broadband Investments was on November 4th 2019. Mega Broadband Investments acquired Vyve Broadband for undisclosed valuation.
Latest Acquisitions by Mega Broadband Investments
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 4 Nov 2019 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Mega Broadband Investments acquisitions and their M&A valuation multiples. Start Free Trial | |
Mega Broadband Investments Competitors
Mega Broadband Investments competitors include listed companies like Tower Bersama, Liberty Latin America, SUNeVision and Cetc Potevio Science, and private ones like Reggefiber and BBL Company.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.8B | - | ||
| Publicly listed | $390M | $290M | $1.8B | 8.9x | ||
| Publicly listed | $4.4B | $909M | $1.7B | 2.3x | ||
| Publicly listed | $374M | $266M | $1.6B | 8.9x | ||
| Publicly listed | $728M | $25M | $1.6B | - | ||
| Private | - | - | $2.2B | - |
Mega Broadband Investments Public Comps
Mega Broadband Investments is no longer listed, but its public comps include Tower Bersama, Liberty Latin America, SUNeVision, Cetc Potevio Science, Browave, Anterix, Sarana Menara Nusantara, China Bester Group, Chorus and Rai Way.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $390M | $290M | 9.0x | 8.9x | 12.1x | 10.4x | |||
| $4.4B | $909M | 2.2x | 2.3x | 11.0x | 6.2x | |||
| $374M | $266M | 9.8x | 8.9x | 13.7x | 12.1x | |||
| $728M | $25M | 2.0x | - | 57.6x | - | |||
| $70M | $19M | 26.8x | 26.2x | 96.3x | 89.2x | |||
| $7M | ($29M) | 216.3x | 103.4x | (47.7x) | (46.7x) | |||
| $751M | $537M | 5.3x | 5.1x | 7.4x | 6.4x | |||
| $484M | $98M | 3.7x | 3.7x | 18.3x | 27.1x | |||
This data is available for Pro users. Sign up to see all Mega Broadband Investments competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mega Broadband Investments
| When was Mega Broadband Investments founded? | Mega Broadband Investments was founded in 2017. |
| Where is Mega Broadband Investments headquartered? | Mega Broadband Investments is headquartered in Kansas City, KS, United States. |
| Is Mega Broadband Investments publicly listed? | No, Mega Broadband Investments was acquired by Cable One in January 2026. |
| Who acquired Mega Broadband Investments? | Mega Broadband Investments was acquired by Cable One in January 2026. |
| How much was Mega Broadband Investments acquired for? | Mega Broadband Investments was acquired for $1.8B in January 2026, a 5.6x revenue multiple. |
| What is Mega Broadband Investments' valuation? | Mega Broadband Investments was last valued at $1.3B in its secondary sale in September 2020. |
| Who are Mega Broadband Investments' investors? | Mega Broadband Investments' investors include Cable One. |
| What is Mega Broadband Investments' revenue? | Mega Broadband Investments' latest recorded revenue is $310M (September 2020). |
| What is Mega Broadband Investments' revenue multiple? | Mega Broadband Investments' latest valuation implies a 4.1x revenue multiple ($1.3B valuation on $310M of revenue). |
| Which companies are comparable to Mega Broadband Investments? | Companies comparable to Mega Broadband Investments include Reggefiber, Tower Bersama, Liberty Latin America, SUNeVision, Cetc Potevio Science and BBL Company. |
| How many companies has Mega Broadband Investments acquired? | Mega Broadband Investments has acquired 1 company, including Vyve Broadband. |
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