Consolidated officials announced on Thursday, that they have completed the sale of the Heartland Telecommunications Company of Iowa subsidiary to Mutual Telephone Company of Sioux Center, also known as Premier Communications; and Winnebago Cooperative Telecom Association of Winnebago.
Premier acquired the Iowa exchanges of: Akron, Boyden, Doon, Hawarden, Hull, Ireton, Rock Rapids, Rock Valley and Sibley. Winnebago acquired the Iowa exchanges of Bancroft and Lakota. The sale was an all-cash transaction valued at approximately $20.9 million.
(Thanks to Scott Van Aartsen, KIWA, Sheldon)