ImOn Communications Snaps Up FiberComm

ImOn Communications, an Eastern Iowa-based fiber broadband services provider, has agreed to acquire FiberComm, reflecting an ongoing consolidation trend of regional fiber operators. ImOn was founded in 2007 as a single-market cable provider and has transformed into a regional fiber-to-the-premise platform that owns and operates a 2,000+ mile network that reaches over 77,000 households and businesses. ImOn said that it remains committed to completing its network expansion to all homes and businesses in Cedar Rapids, Marion, Hiawatha, Iowa City, Coralville and Dubuque. After meeting pending regulatory approvals, the transaction is expected to close in 2023 and is subject to obtaining customary regulatory approvals.