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Princeton, N.J. — July 2, 2025 — Astound, a recognized leader in internet, Wi-Fi, mobile, TV and fiber-optic solutions, today announced the successful completion of a comprehensive refinancing and a commitment of $400 million from Stonepeak, Astound’s largest investor and the world’s largest independent infrastructure firm. The transaction also meaningfully extends Astound’s debt maturities to 2029 and 2030.

With this additional capital and financial flexibility, Astound will further build out its award-winning high-capacity, fiber-powered network while it continues to support its customers and communities. Under Stonepeak’s ownership, Astound has undertaken the fiberization of its network through the construction or upgrade of 800,000 homes. As part of its plan to further increase its fiber footprint across the U.S. over the coming years, Astound has identified more than one million new residential homes for construction of fiber broadband. Astound has already made strides in enhancing its offerings with continued investments in cutting-edge fiber infrastructure and collaborations with top industry players like T-Mobile, eero, and DIRECTV. Recent notable initiatives include Astound’s $22M project in Clallam County, WA, the completion of a 108-mile underground fiber route along Highway 6 in Tillamook, OR, Astound’s $34M investment in Orland Park, IL, and making significant upgrades across its entire existing network. This transaction will serve to support this momentum.

“We are confident that this transaction will provide meaningful benefits to our customers as, with the additional funding and our optimized capital structure, we will be able to enhance our services and continue strengthening our network,” said Jim Holanda, Chief Executive Officer of Astound. “Having access to reliable, high-speed internet is absolutely essential in today’s digital-first world, and we pride ourselves on doing everything we can to provide this to the communities we serve. We are grateful for the support we have received from Stonepeak and our lenders as we continue to grow and innovate for long-term success.”

“We continue to be impressed by Astound’s operational focus and commitment to providing the highest-quality services to its customers and communities. Leveraging our deep expertise in digital infrastructure, Stonepeak will continue to support Astound and we look forward to being a part of this next phase of the Company’s growth,” said Andrew Thomas, Senior Managing Director at Stonepeak.

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About Astound
Astound (astound.com) is a trusted provider of internet, Wi-Fi, mobile, TV services, landline phone and fiber-optic solutions, known for innovation, reliability, and award-winning customer care. With a focus on flexibility, value, and community, Astound delivers modern connectivity solutions to both residential and business customers designed for how people live and work today. Astound serves Chicago, Indiana, Eastern Pennsylvania, Massachusetts, New York City, Maryland, Washington, D.C., Texas, and regions throughout California, Oregon, and Washington.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

Cautionary Statement About Forward-Looking Statements
Certain information included in this press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements we make concerning our plans, objectives, goals, strategies, future events, events or developments that management expects or anticipates will or may occur in the future, future revenues or performance, capital expenditures, financing needs and other information that is not historical information.  These statements may be identified by the use of words such as “estimates,” “expects,” “anticipates,” “projects,” “forecasts,” “plans,” “intends,” “believes,” “foresees,” “seeks,” “budgeted,” “continue,” “could,” “would,” “potential,” “likely,” “may,” “will,” “should,” “goal,” “target,” “guidance” and variations of these words or similar expressions (or the negative versions of any such words), in connection with any discussion of our future business, results of operations, liquidity and operating or financial performance.  Such forward-looking statements involve significant material known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Although Astound believe that its plans, intentions, and expectations reflected in or suggested by the forward-looking statements are reasonable, such plans, intentions, and expectations may not be achieved.  Forward-looking statements speak only as of the date they are made, and Astound is not under any obligation, and expressly disclaims any intent or obligation, to update, alter, or otherwise revise any of the forward-looking statements after such date unless required by law.

Media Contacts
Astound
Ann Murphy
astound@sevenletter.com
617-646-1031

Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
646-540-5225

Orland Park, IL  — June 26, 2025 — Astound, a recognized leader in internet, WiFi, mobile, TV and fiber-optic solutions, today announced that it has started work on a $34 million fiber optic network construction project to bring high-speed internet connectivity to residents and businesses in Orland Park and nearby areas. Once complete, the project will provide more than 19,000 homes and nearly 4,000 area businesses with access to Astound’s fiber network, delivering symmetrical speeds of up to five gigabits per second for residential and commercial use.

Starting this August, homes will begin to have access to Astound’s fiber-to-the-home (FTTH) network, with more than 10,000 homes having access to the network by the end of 2025 and the full complement of 19,000 homes and 4,000 businesses by the end of 2026. Astound has begun building 285 miles of state-of-the-art fiber-optic infrastructure, extending its existing fiber network and high-speed services throughout the Orland Park community. With a team of approximately 50 working on the project, crews have already completed several miles of underground fiber construction. The project involves 100% underground construction, with active permitting processes continuing.

Astound engineered its fiber network expansion to power the fastest connectivity speeds Orland Park has seen to-date. Area households will be able to work, stream content, play games, and browse at lightning speeds with no slowdowns, supported by wall-to-wall WiFi 7 technology. Symmetrical speeds deliver equally fast uploads and downloads, especially advantageous for Orland Park’s remote workers who engage in video calls and content creation. Pristine 4K streaming enables anyone to watch their favorite shows in ultra-high definition, with little to no interruptions or pauses for loading. For gamers, the connectivity supports ultra-low latency, low-lag online experiences for smooth and responsive play. The network empowers households and businesses with multiple devices to all be connected at once – without compromising speed.

Orland Park will be Astound’s first 100% underground project in the Chicago market. This construction is entirely funded by Astound, with five geographic zones the company will build and complete sequentially. The project expands upon Astound’s investment in nearby Blue Island, which began in 2023. Total investment in the southwest Chicago suburbs, including Blue Island, Orland Park, and nearby areas is $58 million, bringing a total of 663 miles of fiber optic infrastructure.

“Orland Park is a vibrant community whose residents deserve access to the highest levels of reliable connectivity and support that Astound’s growing fiber network provides,” said Joe Bell, Astound VP and General Manager for Illinois and Indiana. “At the same time, we have deliberately engineered this project to be completely underground, reducing construction disruptions for the community and most importantly, providing the area with a fiber network that delivers an exceptional customer experience.”

“Astound’s fiber optic network is uniquely suited to provide the Orland Park area with a flexible and reliable platform that addresses rapidly evolving needs for businesses of all sizes,” said Patrick Knorr, Chief Commercial Officer for Astound Business Solutions. “Whether business or residential, Astound’s network is future-ready to address today’s demands as well as tomorrow’s opportunities.”

“Astound is making a significant investment in Orland Park to improve connectivity where we live, work, and play,” said Dan McMillan, President of the Orland Park Area Chamber of Commerce. “We look forward to their expanded presence in our community, as adding such a substantial base of fiber optic infrastructure stands to benefit our residents and businesses alike.”

Once construction is complete, Astound will maintain and operate the network. The company has provided a website for ongoing updates and information about the network build at www.astound.com/orlandpark.

Astound will staff a dedicated kiosk inside the Orland Square Mall on weekends in July, August, and September. The kiosk will be located on the upper level of the mall’s Center Court area.

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About Astound
Astound (astound.com) is a trusted provider of internet, WiFi, mobile, TV services, landline phone and fiber-optic solutions, known for innovation, reliability, and award-winning customer care. With a focus on flexibility, value, and community, Astound delivers modern connectivity solutions to both residential and business customers designed for how people live and work today. Astound serves Chicago, Indiana, Eastern Pennsylvania, Massachusetts, New York City, Maryland, Washington, D.C., Texas, and regions throughout California, Oregon, and Washington.
 

Media Contact
Mark S. Peterson
mark(at)pointerpr.com
206-390-0204

Princeton, NJ — June 24, 2025 — Astound, a leading provider of internet, WiFi, mobile, and TV services, today announced the launch of its new Mix & Match Mobile plans, giving customers the ultimate control over how they manage their wireless service — with the ability to select plans for each individual user within an account, save money, and then easily change plans as needed.

With Mix & Match Mobile, customers can assign different data plans to different users on the same account — whether that’s Unlimited for the binge-watcher, 1.5 GB for the light user, or Unlimited Plus for those who want to binge-watch in HD. Rather than overpaying for unlimited data on every line, Mix and Match Mobile allows customers to select plans that accommodate each family or household member’s usage needs. Customers also have the freedom to change any line’s plan at any time.

Mix & Match Mobile gives users the ability to easily right-size their data plans without hidden fees, contracts, or limitations, helping them save money and pick data plans that work for the entire family.

Key features include:

• Choose Unlimited, Unlimited Plus, or By-the-Gig plans per line
• Adjust any line’s plan anytime — instantly
• Multi-line savings on one simple bill
• Reliable, nationwide 5G coverage
• Even more value for existing Astound customers

With continued investments in cutting-edge fiber infrastructure and collaborations with top industry players like T-Mobile, eero, and DIRECTV, Astound has made a concerted effort to continue strengthening its network. Delivering speeds up to 5 Gbps and consistently ranking among the top ISPs in the nation for speed, reliability, value, and customer satisfaction, Astound is setting a new standard for modern connectivity.

Mix & Match Mobile is now available online, chat or by calling 1.800.4.ASTOUND. To explore plans or build your own, visit www.astound.com/mobile.

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About Astound Broadband
Astound Broadband (astound.com) is a trusted provider of internet, WiFi, mobile, TV services, landline phone and fiber-optic solutions, known for innovation, reliability, and award-winning customer care. With a focus on flexibility, value, and community, Astound delivers modern connectivity solutions to both residential and business customers designed for how people live and work today. Astound serves Chicago, Indiana, Eastern Pennsylvania, Massachusetts, New York City, Maryland, Washington, D.C., Texas, and regions throughout California, Oregon, and Washington.

Media Contact
Ann Murphy
617-646-1031
ann@sevenletter.com

Boston, MA — June 2, 2025 — In honor of Nurses Week 2025, Astound provided free frozen treats from the Astound Ice Cream Truck to healthcare workers from Dana-Farber Cancer Institute on May 6. To help promote the upcoming Jimmy Fund Scooper Bowl, Astound also gave out free ice cream on May 29 in downtown Boston. Astound has been supporting Dana-Farber Cancer Institute for ten years.

“Astound’s support of the Dana-Farber Cancer Institute allows us to give back to the communities we serve while supporting critical cancer research and care,” said Sanford Ames, Senior Vice President and General Manager of Astound Broadband. “We’re committed to being a positive and active presence in our local neighborhoods, and events like Nurses Day and the Jimmy Fund Scooper Bowl reflect that commitment.”

The Jimmy Fund Scooper Bowl is a three-day ice cream festival to be held at Boston City Hall Plaza from 12pm to 8pm on June 3, 4, 5. Tickets can be purchased at www.scooperbowl.org

Proceeds from the Jimmy Fund Scooper Bowl will directly support patient care and cancer research at Dana-Farber Cancer Institute.

Astound provides award-winning internet, mobile phone, TV, and streaming services and serves the Massachusetts communities of Allston, Arlington, Boston, Brighton, Brookline, Burlington, Charlestown, Dedham, Dorchester, Everett, Framingham, Hyde Park, Lexington, Milton, Natick, Needham, Newton, Peabody, Revere, Roslindale, Somerville, Stoneham, Wakefield, Waltham, Watertown, West Roxbury, and Woburn. For more information call 1-800-4-Astound.

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About Astound Broadband
Astound Broadband (astound.com) is a trusted provider of internet, Wi-Fi, mobile, TV services, landline phone and fiber-optic solutions, known for innovation, reliability, and award-winning customer care. With a focus on flexibility, value, and community, Astound delivers modern connectivity solutions to both residential and business customers designed for how people live and work today. Astound serves Chicago, Indiana, Eastern Pennsylvania, Massachusetts, New York City, Maryland, Washington, D.C., Texas, and regions throughout California, Oregon, and Washington.

Media Contact
Ann Murphy
617-646-1031
ann@sevenletter.com

Clallam County, WA — May 14, 2025 — Clallam County and Astound, a recognized leader in internet, mobile, and TV services, today announced a partnership to bring high-speed fiber internet connectivity to a large unserved and underserved rural area of the county that generally extends along and parallel to the approximately 15-mile State Route 112 Highway corridor, beginning just west of Port Angeles. Once complete, the project will provide more than 1,500 homes with access to Astound’s fiber-to-the-home network, delivering symmetrical speeds of up to 5 gigabits per second.

Over the next year, Astound will build approximately 100 miles of state-of-the-art fiber-optic infrastructure, extending its existing fiber network and high-speed services to the community of Joyce, as well as other areas of unincorporated Clallam County. Construction is already underway, with several miles of underground fiber completed. The project features both aerial and underground construction, with active permitting processes continuing. Completion is scheduled for the end of 2026.

This $22.2 million partnership is backed by a combination of funding sources:

• $16 million from the Washington State Broadband Office via American Rescue Project Act (ARPA) State and Local Fiscal Recovery Funds
• $4.5 million from the Washington State Department of Commerce Public Works Board Broadband Program, including grants from the (ARPA) Coronavirus Capital Projects Fund
• $1.7 million from Clallam County

The Public Utility District No. 1 of Clallam County (PUD) is another key project participant. Clallam County and the PUD entered an Interlocal Agreement for the PUD and their partner, NOANet, to provide the county project grant management and professional services. The PUD also supports the county with project management and coordination with Astound. Utilizing the PUD’s existing infrastructure (e.g., power poles) to support the high-speed fiber construction has contributed to project cost savings.

Using Astound’s backbone fiber infrastructure is critical to the success of the project, as the effort would otherwise exceed the available grant funding. Astound has also committed to project-managing the build over the next year, leveraging internal resources to help reduce overall costs.

The new fiber infrastructure is focused on enhancing connectivity for homes in the unserved and underserved areas, supporting both personal and professional needs. Area small businesses and crucial ‘anchor institutions’, such as fire houses, schools, libraries, and clinics, will also have access to high-speed internet once this project is completed.

“This is a key step in our efforts to bridge the digital divide in rural Clallam County. Reliable, high-speed internet is essential for education, healthcare access, business growth, and staying connected—no matter where you live,” said Clallam County Commissioner Mike French. “Once completed, this project will provide modern, scalable broadband infrastructure to residents and businesses alike, ensuring our region is better equipped for today’s digital demands and tomorrow’s opportunities.”

This partnership is the latest milestone in Clallam County’s broader effort to expand broadband infrastructure. The County’s initiative focuses on investing in long-term connectivity solutions by partnering with internet service providers to improve quality of life, support education, and enhance economic opportunities across the region.

“Residents of rural Clallam County deserve access to the same levels of reliable high-speed connectivity that more urban areas have come to expect,” said Jared Sonne, Astound senior vice president and general manager, West Region. “With both County and State support, we are addressing this by extending Astound’s robust fiber network infrastructure to bring vital high-speed connectivity for the first time to previously underserved areas.”

Once construction is complete, Astound and Clallam County have an agreement for Astound to maintain and operate the fiber optic communications network. The county is in the process of carrying out a similar agreement with the PUD related to joint use facilities to be constructed under the project along the SR 112 corridor.

Astound has provided a website for ongoing updates and information about the network build at www.astound.com/clallam.

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About Clallam County
Clallam County is one of 39 counties in Washington State with, as of 2024, an estimated population of 77,550. The project is being administered by the Clallam County Public Works Department with its partners and is the first project of this kind undertaken by the county.
 
About Astound
Astound (astound.com) is the sixth-largest cable operator in the U.S., delivering award-winning services including fiber-powered internet, TV, mobile, landline phone, and fiber-optic solutions to both residential and business customers. Astound serves communities across Chicago, Indiana, Eastern Pennsylvania, Massachusetts, New York City, Maryland, Washington, D.C., Texas, and regions throughout California, Oregon, and Washington.
 

Media Contact
Mark S. Peterson
mark(at)pointerpr.com
206-390-0204