Dec 20 (Reuters) - Cable One Inc :
* CABLE ONE AMENDS MEGA BROADBAND STRATEGIC PARTNERSHIP
* CABLE ONE: AMENDMENTS PROVIDE ENHANCED ABILITY TO CONTROL TIMING FOR ACQUIRING 55% INTEREST IT DOES NOT OWN IN MBI, PURSUANT TO PUT RIGHT HELD BY GTCR
* CABLE ONE: AS PART OF AMENDED AGREEMENT, PAID $250 MILLION TO OTHER MBI EQUITY HOLDERS, THOSE HOLDERS RECEIVED PROCEEDS FROM $100 MILLION OF NEW MBI DEBT
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