Policyband

‘Cable One Currently Is Insolvent,’ CoBank Alleges

U.S. District Judge blocks Cable One from buying Vyve Broadband parent Mega Broadband Investments

Ted Hearn

Oct 13, 2026 — 9 min read

Photo of Cable One CEO Jim Holanda

💡

■ CTIA Study: 5G Broadband Drives Down Cable Internet Prices by 17%
■ Charter COO Nick Jeffery Announces Departure of Two Senior Executives
■ San Diego Master Plan: One-Third of Low-Income Households Go without Home Broadband
■ Rep. Morgan Griffith: Starlink Proved Its Value during Hurricane Helene in 2024
■ Public Interest Groups Demand FCC Pause 39% Cap Repeal While Court Fight Plays Out
■ Cedar Falls Utilities Ends Cable TV Service by Underscoring YouTube TV Allows Viewing Outside the Home
■ Washington Post Editorial Slams Carr but Omits Key Details in Hit Piece
■ LPTV Group Urges FCC to Authorize 5G Broadcast as a Companion Standard
■ Silicondust Asks TV Stations to Disable DRM a Week before Nov. 17 EAS Test
■ Many Illinois Farms Lack Robust Broadband for Precision Ag, Survey Finds
■ Sens. Schmitt, Padilla Unveil Broadband Network Vandalism Bill
■ Sen. Bernie Moreno Asks FCC to Investigate ABC News over Removed Story about Trump Sons’ Business Moves

Deal: Cable One is insolvent, according to CoBank. Apparently in agreement, a federal judge on Oct. 9 blocked Cable One from moving forward with a $480 million payment to acquire the remaining 55% stake in Mega Broadband Investments, parent of Vyve Broadband, after creditor CoBank warned the deal would deepen the company’s financial distress. In the Southern District of New York, the court issued an emergency order halting the transfer. “Defendant is temporarily restrained and enjoined from executing the MBI Put Closing,” Judge J. Paul Oetken wrote, directing that Cable One’s counsel be served by email and deeming that service sufficient.

Cable One delayed issuing a public response until Oct. 12. [We] strongly believe CoBank’s claims are incorrect as a matter of law. Cable One intends to vigorously dispute these claims and protect its interests. However, [we make] no assurances regarding the timing or outcome of the pending proceedings,” Cable One said in a press release that did not quote either CEO Jim Holanda or a board member. (More after paywall)