Cable One Acquisition of Mega Broadband Blocked by Court Order

07:06 AM EDT, 10/12/2026 (MT Newswires) -- Cable One (CABO) said Monday that a US federal court temporarily blocked its acquisition of the remaining 55% stake in Mega Broadband Investments Holdings. The order followed a lawsuit by lender CoBank, which alleges the purchase could constitute a fraudulent transfer, it said. Cable One said it plans to contest the claims. Separately, the company said it is advancing refinancing plans to address $2.45 billion in debt obligations, though no definitive financing agreements have been signed.