Iowa Telecom Completes Acquisition of WH Comm
02 Novembro 2009 - 7:06PM
Business Wire
Iowa Telecommunications Services, Inc. (NYSE: IWA) announced
today that the telecommunications company has completed its
acquisition of substantially all the assets of WH Comm for $1.1
million. WH Comm was a division of Wright-Hennepin Cooperative
Electric Association based in Rockford, MN.
WH Comm, a Competitive Local Exchange Carrier (CLEC), provides
telephone and high speed DSL Internet in several communities near
the western suburbs of Minneapolis, Minnesota. As of September 30,
2009, WH Comm had approximately 2,000 access lines and 700 DSL
subscribers.
This is the fourth acquisition Iowa Telecom has completed
adjacent to the Minneapolis/St. Paul Metropolitan Area over the
past 15 months, following Bishop Communications, Sherburne Tele
Systems and the purchase of New Ulm Telecom’s minority interests in
SHAL and En-Tel.
Iowa Telecom is the largest independent telephone company in
Iowa and one of the twenty largest telephone companies in the
nation.
About Iowa Telecom
Iowa Telecommunications Services, Inc. (d/b/a Iowa Telecom) is a
telecommunications service provider that offers local telephone,
long distance, Internet, broadband and network access services to
business and residential customers. Today, the Company and its
subsidiaries serve over 450 Iowa communities, 10 Minnesota
communities and employs approximately 800 people. The Company’s
headquarters are in Newton, Iowa. The Company trades on the New
York Stock Exchange under the symbol IWA. For further information
regarding Iowa Telecom, please go to www.iowatelecom.com and select
“Investor Relations.” The Iowa Telecom logo is a registered
trademark of Iowa Telecommunications Services, Inc. in the United
States.
Iowa Telecom (NYSE:IWA)
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