Some fiber has changed hands out in the Midwest. Great Plains Communications has announced the completion of the acquisition of USA Communications, a fiber provider based in Kearney, Nebraska.
USA Communications' footprint sits in southern, central Nebraska about 200 miles west of Omaha along I-80. The company offers fiber-based services to both the residential and business community within not just Kearney, but also the nearby communities of Lexington, Minden, and Grand Island. Those assets add further depth for GPC within its home turf in Nebraska. There are also assets in the Colorado communities of Black Hawk and Central City to the west of Denver.
For USA Communications, the deal completes a selloff of the company's assets they started in 2019 when they sold cable TV and internet assets in Alabama to Hargray, and in California and Colorado to Zito Media. The company entered Nebraska in 2013. Like many rural providers, over the past several years they have shifted more resources into FTTH.
It's GPC's fourth M&A in the past 5 years, growth that is powered by its backers at financial backers at Grain Management. The transaction was agreed to during Q3, and officially closed on September 30. Financial terms were not disclosed.
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