News Releases
ImOn Communications announces acquisition of FiberComm
January 16, 2023 ImOn Communications (ImOn), a broadband company based in Eastern Iowa, has announced an agreement to acquire Sioux City-based FiberComm pending regulatory approvals. Read More
Plant has been acquired by TruVista Communications
July 7, 2022 Chester, SC July 7, 2022 — TruVista Communications (“TruVista”) today announced that it has closed its previously announced transaction in which TruVista acquired Plant Telephone Company (“PTC”) and Plant Telecommunications Sales & Services, Inc. (“PTS”) (together “PlantTel”). The combined entity will operate under the TruVista name. Read More
PlantTel Agrees to Be Acquired by TruVista Communications
November 5, 2021 Plant Telephone Company ("PTC") and Plant Telecommunications Sales & Services, Inc. ("PTS") (together "PlantTel"), a leading telecommunications solutions provider in Southern Georgia, has agreed to be acquired by TruVista Communications ("TruVista"), a leading telecommunications solutions provider in South Carolina and Northern Georgia that is a portfolio company of iCON Infrastructure Partners IV, LP ("iCON"). Read More
Poka Lambro agreed to purchase certain west texas assets and operations from Vexus
August 10, 2021 Poka Lambro Telephone Cooperative to Purchase Vexus Fiber Assets and Operations in Five West Texas communities Tahoka, Texas – Poka Lambro Telecommunications, Ltd. (“Poka Lambro”) has entered into a definitive agreement with NTS Communications, LLC dba Vexus Fiber (“Vexus”) of Lubbock, Texas to purchase the Vexus assets and operations in the West Texas communities of: Brownfield, Lamesa, Ropesville, Wilson, and Meadow (“West Texas Markets”). Read More
3 Rivers Communications sells Browning Exchange Siyeh Communications
December 31, 2020 Siyeh Communications (SiyCom) has recently completed its purchase of the Browning Telephone/Internet Exchange from 3 Rivers Communications. This transaction represents the culmination of discussions and negotiations that began in 2016 after the Blackfeet Tribal Business Council authorized Siyeh Corporation to negotiate with 3 Rivers for the purchase of the Browning Exchange. Charlesmead Advisors, LLC, served as exclusive advisor to 3 Rivers on the transaction. Read More
RTC Holdings, LLC through its Reserve Communications and Computer Corp. (RCC) subsidiary has acquired 100% of EATELCORP, LLC (EATEL) and its subsidiaries, effective May 31, 2019.
May 31, 2019 RTC Holdings, LLC through its Reserve Communications and Computer Corp. (RCC) subsidiary has acquired 100% of EATELCORP, LLC (EATEL) and its subsidiaries, effective May 31, 2019. The merger ushers in a new era for local telecommunications – with the combined networks paving the way as one of the largest local providers in Louisiana. Throughout its history, EATEL has positioned itself for growth. As a pioneer in the industry, EATEL was one of the first providers in the nation to offer fiber-to-the-home services, including internet, video, phone, home security and datacenter services. Read More
Windstream sells fiber assets in Minnesota and Nebraska for $60.5 million
December 18, 2018 Windstream (NASDAQ: WIN), a leading provider of advanced network communications and technology solutions, today announced that it has sold certain fiber assets in Minnesota to Arvig Enterprises, Inc. (“Arvig”), a Minnesota-based provider of telecommunications and broadband services. The all-cash transaction is valued at $49.5 million. Read More
Nuvera Communications, Inc. Completes Acquisition of Scott-Rice Telephone Company
August 1, 2018 Nuvera Communications, Inc. (OTCBB Symbol “NUVR”) announced today that it has completed its acquisition of Scott-Rice Telephone Co. (“Scott-Rice Telephone”) from Allstream Business U.S., LLC, an affiliate of Zayo Group Holdings, Inc. (“Zayo”) for approximately $42 million in cash. Scott-Rice serves the communities of Prior Lake, Savage and Elko New Market, Minnesota, providing phone, video and internet services with over 18,000 connections. The combined Nuvera/Scott-Rice company will have approximately 66,000 connections. Concurrent with the acquisition of Scott-Rice, Nuvera entered into an amended credit facility with its principal lender CoBank, ACB to fund the acquisition. Read More
Consolidated Communications completes divestiture of Virginia properties
July 31, 2018 Mattoon, Ill. – Jul. 31, 2018 – Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) (the “Company” or “Consolidated Communications”) announced today it has completed the sale of its Virginia properties, Peoples Mutual Telephone Company and Peoples Mutual Long Distance Company, to RiverStreet Management Services, LLC, dba RiverStreet Networks, a subsidiary of Wilkes Communications. The divestiture allows the Company to continue to focus on its core regions and integration projects. The Company’s Virginia operations contributed approximately $6.3 million of revenue in fiscal 2017. The sale was a cash transaction valued at approximately $21 million, subject to certain contractual adjustments. The closing occurred on July 31st following receipt of all required regulatory approvals. Charlesmead Advisors, LLC, served as exclusive financial advisor to Consolidated Communications on the transaction. Read More
Novacap acquires Horizon Telcom
June 18, 2018 Novacap, one of Canada’s leading private equity firms, announced today that it has finalized the acquisition of Horizon Telcom (“Horizon”). Horizon is a premier provider of fiber-optic bandwidth infrastructure services operating primarily in Ohio. Novacap acquired the company from its owners at a valuation of over US$220,000,000. Horizon began as a local telephone company over 120 years ago and over the last decade has grown its fiber network from 700 route miles to over 4,300 route miles and nearly 550,000 fiber miles with over 1,600 on-net locations and 16,600 near-net buildings. Read More
Consolidated Communications to Sell Iowa-based Heartland Telecommunications Company
May 3, 2016 Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) (“Company”) has entered into a definitive agreement with Mutual Telephone Company of Sioux Center, Iowa (Premier) and Winnebago Cooperative Telecom Association (Winnebago) to divest its Heartland Telecommunications Company of Iowa (Heartland) in order for the Company to focus on its core regions. Read More
Wilkes Communications, Inc. to acquire TDS North Carolina
January 20, 2015 TDS announced that it had entered into a definitive agreement to sell its North Carolina operations to Wilkes Communications, Inc., headquartered in Wilkesboro, NC. Financial terms were not disclosed. Charlesmead Advisors served as exclusive financial advisor to TDS in the transaction. Read More
