Monday, November 2, 2009

Iowa Telecom Completes Acquisition of WH Comm

BUSINESS WIRE via 11/02/09 - 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.

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