Monday, December 12, 2005

Iowa Telecom to Acquire Montezuma Mutual Telephone

A UPI newsbrief, via PhysOrg.com, reports that:

Iowa Telecommunications Service has agreed to acquire Montezuma Mutual Telephone in a deal that further consolidates service in rural Iowa.

The acquisition is worth an estimated $10.4 million and will make Montezuma a subsidiary of Iowa Telecom.

The deal is expected to close early next year.

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