Core Insights - The transaction between Point Broadband and Clearwave Fiber will create one of the largest independent fiber operators in the U.S., reaching over 500,000 customers across 12 states and aiming for more than 1 million passings [1][4][3] Company Overview - Point Broadband, founded in 2017, provides high-speed fiber-to-the-premise internet primarily in small-town and underserved markets across 10 states, mainly in the Southeast and Midwest [2][7] - Clearwave Fiber was established in 2022 through a joint venture and offers fiber internet services to residential and commercial customers across the Southeast and Midwest [2][8] Leadership and Management - David Armistead will serve as CEO of the combined company, while John Cinelli will be the Chairman, both bringing significant experience to drive growth [3][4] - The combined company will be jointly controlled by GTCR and Berkshire Partners, who have committed substantial growth capital for organic builds and M&A [4][5] Strategic Goals - The merger aims to accelerate fiber deployment and enhance customer experience, with a focus on building reliable, state-of-the-art fiber networks [4][5] - The combined entity is positioned to lead consolidation in the fiber market and expand connectivity to underserved areas across the U.S. [4][6] Financial and Operational Aspects - The transaction is expected to close in the first half of 2026, pending regulatory approvals and customary closing conditions [6] - Cable One will remain a significant shareholder in the combined company, contributing its equity investment in Clearwave Fiber [4][6]