Sioux Falls, SD (KELO AM) - WOW! no more, the company has sold its Sioux Falls and Rapid City systems to Clarity Telecom for a reported price of $262 Million, the companies said in a joint statement on Friday. WOW!, previously known as Knology, had been providing cable, internet, and phone service in Sioux Falls since 2012. The sale is expected to be completed later this year.
“The sale of the South Dakota systems enhances our operating efficiencies and enables us to continue focusing more aggressively on our long-term strategic initiatives,” said Steven Cochran, CEO of WOW!. “I’m especially pleased that the agreement with Clarity enables our employees and customers to connect with a company that will focus on growing these systems aggressively”
Clarity Telecom is based in Missouri
WOW! has just over 52,000 subscribers in South Dakota.