At least five rural telcos are embracing the idea that companies such as theirs need to consolidate. Those companies back in March created a new entity known as USConnect Holdings that aims to acquire other rural and independent communications providers.
“USConnect is an industry-rooted effort committed to sustaining the financial and operational viability of rural and independent communications providers,” said a USConnect press release issued late Friday to announce the organization’s first acquisition – Livingston Telephone Company of Livingston, Tex.
Five rural telcos are the “majority investors” in USConnect, a USConnect spokeswoman told Telecompetitor this morning. The spokeswoman declined to reveal the names of minority investors.
The five rural telco majority investors are:
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