Dycom Industries Snapped Bigham Cable Construction for Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Dycom Industries, Inc. (NYSE:DY) has acquired Bigham Cable Construction, Inc., a company that provides telecommunications construction services in the southeastern United States. The acquisition, which expands Dycom's customer base and geographic scope, is expected to enhance its growth opportunities in rural broadband deployments.
August 23, 2023 | 10:17 am
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Dycom Industries' acquisition of Bigham Cable Construction is expected to strengthen its customer base and expand its geographic scope, potentially boosting its growth in rural broadband deployments.
The acquisition of Bigham Cable Construction, a company that generated approximately $140 million of revenue over the last twelve months, is likely to have a positive impact on Dycom Industries' financial performance. The expanded customer base and geographic scope could lead to increased revenues and growth opportunities, particularly in rural broadband deployments.
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