Consolidated Communications has agreed to acquire 100% of Enventis’ 13.8 million fully diluted shares in an all-stock transaction valued at USD350 million. The deal has been approved by the companies’ respective boards of directors. Enventis (formerly Hickory Tech) is headquartered in Mankato, Minnesota and operates a next-generation fibre-optic network spanning 4,200 route miles, enabling facilities-based operations in Minnesota and into Iowa, North Dakota, South Dakota and Wisconsin. The company currently serves approximately 39,000 access lines, 21,000 broadband customers, 12,000 digital TV customers and 90 fibre-to-the-tower (FTTT) sites.
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