Tier 3 Mergers & Acquisitions: One Indiana Provider Plans to Buy Another

Buffalo (IN)-based LightStream has agreed to purchase Monon Telephone Company for an undisclosed price. The transaction is subject to regulatory approvals, which are expected to be final in the first half of 2024. The Monon acquisition would add to LightStream’s existing fiber network in White and Pulaski Counties. Customers added through the potential acquisition can add managed Wi-Fi service to their home or business, in addition to internet and phone services, Lightstream noted in an announcement of the deal. In the announcement, LightStream said that it has invested more than $42 million in its network, although the company didn’t indicate over what time period that occurred.