Cable One (CABO) said Friday it has revised the terms of its partnership with Mega Broadband Investments Holdings to support timing flexibility for acquiring full ownership of Mega Broadband.

Cable One, which currently owns a 45% stake in Mega Broadband, now has the option to call the 55% stake starting in Q3 2025, the company said.

GTCR, which currently holds the remaining interest, cannot exercise its put option until Oct. 1, 2026, Cable One added.

Cable One said it paid $250 million to the other Mega Broadband equity holders, who also received proceeds from $100 million of new Mega Broadband debt under the revised deal.

The purchase price, which is expected to be reduced by the combined $350 million of payments, will likely range between $410 million and $550 million, Cable One added.